HomeMy WebLinkAbout2014-042-05/20/2014-APPROVING THE FISCAL YEAR 2014 ADMINISTRATION AND PROJECT BUDGETS FOR THE HOME INVESTMENT PARTNERSHI RESOLUTION 2014-042
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROVING THE FISCAL YEAR 2014 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 2014 Home Investment
Partnership Program application as follows:
Funding Source Amount
FY 2014 HOME Grant $53,969
FY 2014 HOME Program Income-Admin $43,192
Total $97,161
Passed and adopted at a regular meeting of the Council of the City of Fort Collins this
20th day of May A.D. 2014.
M2ayor
FART Cps
ATTEST:
City Clerk Oo
C�'�C �tP
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