HomeMy WebLinkAbout2006-060-05/16/2006-APPROVING THE FY 2006 HOME INVESTMENT PARTNERSHIPS PROGRAM FOR THE CITY OF FORT COLLINS RESOLUTION 2006-060
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROVING THE FY 2006 HOME INVESTMENT PARTNERSHIPS
PROGRAM FOR THE CITY OF FORT COLLINS
WHEREAS, the purpose of the Home Investment Partnership (HOME) Program is to
increase the supply of decent, safe, and affordable housing in the City of Fort Collins for an
extended period of time; and
WHEREAS, the City's Consolidated Plan identifies the following priorities for housing
related needs: (1)stimulate housing production for very low,low and moderate income households,
(2)increase home ownership opportunities for very low, low and moderate income households,and
(3) increase the supply of public housing for families and those with special needs; and
WHEREAS, specific projects for the use of HOME funds will be determined in November
as a result of the fall funding cycle of the competitive process for the allocation of the City's
financial resources to affordable housing programs/projects and community development activities.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that the administration is authorized to submit the FY 2006 Home Investment
Partnerships Program application as follows:
HOME Program
Grant Income Category
$ 64,541 $10 000 Program Administration
484,065 90,000 Housing Projects
96,813 N/A Community Housing Development Organization Set-Aside
$645 419 $100 000 Totals
Passed and adopted at a regular meeting of the Council of the City of Fort Collins this 16th
day of May, A.D. 2006. 44a-4 "? F
Mayor
ATTEST:
City Clerk