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.
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Mayo
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Deputy ty lerk