HomeMy WebLinkAbout2013-063-07/16/2013-APPROVING THE FISCAL YEAR 2013 ADMINISTRATION AND PROJECT BUDGETS FOR THE HOME INVESTMENT PARTNERSHI RESOLUTION 2013-063
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROVING THE FISCAL YEAR 2013 ADMINISTRATION AND
PROJECT BUDGETS FOR THE HOME INVESTMENT PARTNERSHIP PROGRAM
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 federal 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 and projects, and community
development activities.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF
FORT COLLINS that City staff is hereby authorized to submit the FY 2013 Home Investment
Partnership Program application as follows:
Funding Source Amount
FY 2013 HOME Participating Jurisdictions Grant $521,147
FY 2013 Program Income $244,834
Total $765 981
Passed and adopted at a regular meeting of the Council of the City of Fort Collins this
16th day of July A.D. 2013.
Maydr
ATTEST: �,:-`���OF PO
City Clerk t z
�(<UntiJfj :rn