HomeMy WebLinkAbout1996-066-06/04/1996-FISCAL YEAR 1996-97 HOME INVESTMENT PARTNERSHIP NATIONAL AFFORDABLE HOUSING RESOLUTION 96-66
OF THE COUNCIL OF THE CITY OF FORT COLLINS
ADOPTING THE HOME INVESTMENT PARTNERSHIP PROGRAM
FOR FISCAL YEAR 1996-97
WHEREAS, the HOME Investment Partnership Program (the "Program") was authorized
through the National Affordable Housing Act of 1990 to provide funds for a variety of housing
related activities which would increase the supply of decent, safe, sanitary and affordable housing,
including, acquisition, rehabilitation, new construction, tenant-based assistance, home-buyer
assistance, planning and support services; and
WHEREAS, the City Council, pursuant to Resolution 94-42 authorized the execution of a
Notification of Intent for the City to become a"participating jurisdiction" in the HOME Investment
Partnership Program; and
WHEREAS, subsequent to the passage of said Resolution, the Department of Housing and
Urban Development(HUD) awarded the City participation in the Program and a HOME Investment
Partnership Program grant; and
WHEREAS, a Program grant has been made available to the City from HUD for Fiscal Year
1996-97 in the sum of Five Hundred Thirty-nine Thousand Dollars ($539,000); and
WHEREAS, the Council has determined that it is in the best interest of the citizens of the
City that the HUD portion of the HOME Investment Partnership Program for Fiscal Year 1996-97
be adopted.
NOW,THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT
COLLINS, that the HUD portion of the HOME Investment Partnership Program for the City for
Fiscal Year 1996-97 is hereby adopted, with the program funds to be expended in accordance with
the following budget:
Program Budget FY96-97
Homebuyer Assistance 269,500
Multi-family housing projects 134,750
Community Housing Development Projects 80,850
Administration 53.900
Total $539,000
Passed and adopted at a regular meeting of the City Council held this 4th day,of June, A.D.
1996.
Mayor
A TEST:
City Clerk