HomeMy WebLinkAbout2008-053-06/03/2008-APPROVING THE FY 2008 HOME INVESTMENT PARTNERSHIPS PROGRAM FOR THE CITY OF FORT COLLINS RESOLUTION 2008-053
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROVING THE FY 2008 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 2008 Home Investment
Partnerships Program application as follows:
HOME Program
Grant Income Category
$463,825 $50,000 Housing Projects
61,840 N/A Pro ram Administration
92,764 N/A Community Hou ing Development Organization Set-Aside
$618 429 $50 000 Totals
Passed and adopted at a regular meeting of the Q6QciI of the City of Fort Collins this
3rd day of June A.D. 2008.
Ma y
ATTEST:
City Clerk