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HomeMy WebLinkAbout2005-123-11/15/2005-APPROVING THE FISCAL YEAR 2005 HOME INVESTMENT PARTNERSHIPS PROGRAM AND THE UTILIZATION OF UNPROGRAM RESOLUTION 2005-123 OF THE COUNCIL OF THE CITY OF FORT COLLINS APPROVING THE FISCAL YEAR 2005 HOME INVESTMENT PARTNERSHIPS PROGRAM AND THE UTILIZATION OF UNPROGRAMMED AND REPROGRAMMED FUNDS FROM PREVIOUS FISCAL YEAR HOME AND CDBG GRANTS, AND HOME AND CDBG PROGRAM INCOME WHEREAS,the Community Development Block Grant("CDBG")Program and the Home Investments Partnership("HOME")Program are ongoing grant administration programs funded by the Department of Housing and Urban Development("HUD"); and WHEREAS, the City of Fort Collins has received CDBG Program funds since 1975 and HOME funds since 1993; and WHEREAS,on January 18,2000,the City Council approved Resolution 2000-13,formally adopting a competitive process for the allocation of City financial resources to affordable housing programs/projects and community development activities; and WHEREAS,since January 2005,the CDBG Commission has held a public hearing to obtain citizen input on community development and affordable housing needs,and has heard presentations and asked clarification questions from each applicant that submitted aproposal to the City requesting funding; and WHEREAS, the CDBG Commission met in a special meeting for the purpose of preparing a recommendation to the City Council as to which programs and projects should be funded with the FY 2005 HOME Investment Partnerships Program and the Utilization of Reprogrammed FY 03 HOME Funds, Unprogrammed FY04 HOME Funds, the HOME FY04-05 Community Housing Development Organization Set Aside Funds, FY04 CDBG Reprogrammed Funds, CDBG FY05 CDBG Unprogrammed Funds, and HOME and CDBG Program Income. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT COLLINS that the City Manager is hereby authorized to submit an application to HUD as follows: AFFORDABLE HOUSING CDBG FY04 Reprogrammed Allocation A licant—Project $3,611 1 Fort Collins Housing Corp. - Village on Plum CDBG FY05 Unprogrammed Allocation Applicant—Project $121 436 Fort Collins Housing Corp. - Village on Plum CDBG FY05 Reprogrammed Allocation Applicant—Project $9,582 Fort Collins Housing Corp. -Village on Plum CDBG Program Income Allocation A licant—Project $31 700 Fort Collins Housing Corp. - Village on Plum HOME FY03 Reprogrammed Recommendation A licant—Project $46 265 Fort Collins Housing Corp. - Village on Cowan HOME FY04 Unprogrammed Allocation Applicant—Project $95,570 Supportive Housing Development (Grant)* $64 093 Fort Collins Housing Co - Village on Cowan HOME FY05-06 Grant Allocation A licant—Project $204,430 Supportive Housing Development (Grant)* HOME FY04-05 CHDO Allocation Applicant—Project $23 330 Nei bor to Nei hbor- Crabtree A is Rehab HOME FY05-06 CHDO Allocation Applicant—Project $50,970 Neighbor to Neighbor- Crabtree A is Rehab HOME Program Income Allocation A licant—Project $200 000 1 City of Fort Collins - Home Buyer Assistance PLANNING CDBG FY04 Reprogrammed Allocation A licant—Project $19,000 NFC Business Association- Action Plan (Grant)* * Except where noted above, all funding allocations are to be in the form of a due on sale loan plus a 5% simple interest fee. Passed and adopted at a regular meeting of the Co 1 of the City of Fort Co 'ns held this 15th day of November A.D. 2005. Mayor ATTEST: City Clerk