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HomeMy WebLinkAbout2010-034-06/15/2010-APPROVING THE FY 2010 HOME INVESTMENT PARTNERSHIPS PROGRAM FOR THE CITY OF FORT COLLINS RESOLUTION 2010-034 OF THE COUNCIL OF THE CITY OF FORT COLLINS APPROVING THE FY 2010 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 hereby authorized to submit the FY 2010 Home Investment Partnerships Program application as follows: HOME Grant Category $511,906 Affordable Housing Projects 102,381 Community Housing Development Organization Set-Aside 68,254 Program Administration $682 541 Total Passed and adopted at a regular meeting of the Council of the City of Fort Collins this 15th day of June A.D. 2010. Mayor ATTEST: OWL- AA City Clerk