City of Racine - File #: 14-10797

• File #: 14-10797
• Version: A
• Name: HALO HOME Funds Request (Res No. 15-0026)
• Type: Communication
• Status: Committee Report To Council
• File created: 11/26/2014
• In control: Community Development Committee
• Final action: 1/20/2015
• Title: Subject: (Direct Referral) Application of HALO for an allocation of HOME Funds for the renovation of 2005 Washington Avenue. (Res No. 15-0026) Recommendation of the Community Development Committee on 12-4-14: That the application of HALO for an allocation of HOME Funds for the renovation of 2005 Washington Avenue be received and filed. Recommendation of the Community Development Committee on 1-7-15: That the application of HALO, Inc. for an allocation of HOME funds for the renovation of 2005 Washington Avenue be approved, per staff recommendation and subject to HALO obtaining the advice and consent of the Uptown organization. Further recommends that the Mayor and City Clerk be authorized to execute an agreement and related documents with HALO, Inc., for the HOME funds. Fiscal Note: This action allocates $319,200.00 in HOME Investment Partnership funds for the rehabilitation of a vacant eight-unit apartment building. Five apartments will be used by HALO for permanent supportive hou...
• Related files: Res.15-0026

Date	Ver.	Action By	Action	Result
1/20/2015	A	Common Council	Approved	Pass
1/7/2015	A	Community Development Committee	Recommended For Approval	Pass
12/16/2014	A	Common Council	Referred	Pass
12/4/2014	A	Community Development Committee	Recommended to be Received and Filed	Pass

Title

Subject: (Direct Referral) Application of HALO for an allocation of HOME Funds for the renovation of 2005 Washington Avenue. (Res No. 15-0026)

Recommendation of the Community Development Committee on 12-4-14: That the application of HALO for an allocation of HOME Funds for the renovation of 2005 Washington Avenue be received and filed.

Recommendation of the Community Development Committee on 1-7-15: That the application of HALO, Inc. for an allocation of HOME funds for the renovation of 2005 Washington Avenue be approved, per staff recommendation and subject to HALO obtaining the advice and consent of the Uptown organization.

Further recommends that the Mayor and City Clerk be authorized to execute an agreement and related documents with HALO, Inc., for the HOME funds.

Fiscal Note: This action allocates $319,200.00 in HOME Investment Partnership funds for the rehabilitation of a vacant eight-unit apartment building.  Five apartments will be used by HALO for permanent supportive housing.  Three units will be available to income qualified renters from the general public.  Total project cost is expected to be $626,990.00.  There are HOME funds available for this purpose.