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HomeMy WebLinkAbout2009-061-07/07/2009-APPROVING THE PROGRAMS AND PROJECTS THAT WILL RECEIVE FUNDS FROM THE FEDERAL COMMUNITY DEVELOPMENT B 1 RESOLUTION 2009-061 OF THE COUNCIL OF THE CITY OF FORT COLLINS APPROVING THE FISCAL YEAR 2009 HOME INVESTMENT PARTNERSHIPS PROGRAM FOR THE CITY OF FORT COLLINS WHEREAS, the purpose of the Home Investment Partnership (HOME) Program is to increase the supply of decent, safe, and affordable housing in the City 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 13Y THE COUNCIL OF THE CITY OF FORT COLLINS that the administration is authorized to submit the FY 2008 Home Investment Partnerships Program application as follows: HOME Grant _ .Category $515,230 Affordable Housing Projects 103,046 Community Housing Development Organization Set-Aside 68,697 Program Administration $686 973 Total Passed and adopted at a regular meeting of the Council of the City of Fort Collins this 7th day of July A.D. 2009. w Mayo ATTES ! Deputy ty lerk