HomeMy WebLinkAbout2012-036-05/15/2012-APPROVING THE FISCAL YEAR 2012 ADMINISTRATION AND PROJECT BUDGETS FOR THE HOME INVESTMENT PARTNERSHI RESOLUTION 2012-036
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROVING THE FISCAL YEAR 2012 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 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 City staff is hereby authorized to submit the FY 2012 Home Investment
Partnership Program application as follows:
HOME Grant Category
$686,277 Affordable Housing Projects
57,556 Program Administration
$743 833 Total
Passed and adopted at a regular meeting of the Council of the City of Fort Collins this
15th day of May A.D. 2012.
dayor
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ATTEST:
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