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