HomeMy WebLinkAbout2008-118-12/02/2008-APPROVING THE PROGRAMS AND PROJECTS THAT WILL RECEIVE FUNDS FROM THE FEDERAL HOME INVESTMENT PARTNER RESOLUTION 2008-118
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROVING THE PROGRAMS AND PROJECTS THAT WILL RECEIVE
FUNDS FROM THE FEDERAL HOME INVESTMENT PARTNERSHIP (HOME)
PROGRAM GRANT AND THE CITY'S AFFORDABLE HOUSING FUND.
WHEREAS, the Home Investment Partnership (HOME) Program is an ongoing grant
administration program funded by the Department of Housing and Urban Development(HUD);and
WHEREAS, the City has received HOME funds since 1993; and
WHEREAS,the City Council has budgeted General Fund dollars into an Affordable Housing
Fund for use in assisting affordable housing programs/projects; and
WHEREAS,on January 18,2000,the City Council approved Resolution 2000-013,formally
adopting a competitive process for the allocation of City financial resources to affordable housing
programs/projects and community development activities; and
WHEREAS,on January 10,2008,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 a proposal to the City requesting
funding; and
WHEREAS, on October 9, 2008, 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 carry-over HOME funds, funds from the FY 2008 HOME Grant, funds
from the HOME Community Housing Development Organization (CHDO) Set Aside, HOME
Program Income, and funds from the City's Affordable Housing Fund.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that the administration is authorized to submit an application to HUD as follows:
AFFORDABLE HOUSING
FY 08 HOME Grant
$250 000 Care Housing— Provincetowne On-Site Infrastructure
$125,000 City of Fort Collins—Home Buyer Assistance Program
$24,056 Fort Collins Housing Corporation FCHC —Leisure Drive Rehabilitation
FY 08 HOME CHDO Funds
$92,764 1 Fort Collins Housing Corporation FCHC —Leisure Drive Rehabilitation
FY 08 HOME Program Income
$75,000 1 City of Fort Collins—Home Buyer Assistance Program
FY 07 Affordable Housing Fund Unprogrammed
$33 660 Ci of Fort Collins— Home Buyer Assistance Former Rental Properties)
FY 08 Affordable Housing Fund
$16,340 City of Fort Collins—Home Buyer Assistance Program(Former Rental
Properties)
$100,000 Larimer Home Improvement Program(LHIP)
$33 600 Nei hbor-to-Nei hbor: Floor Replacements
Passed and adopted at a regular meeting of t ncil of the City of F rt Collins held
this 2nd day of December A.D. 2008.
ayor
P+TTEST:
City Clerk