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Subject: (Direct Referral) Allocation of 2009 HOME Housing Investment Partnership Grant funds. (Res.09-1324)
Recommendation of the Community Development Committee on 4-2-09: That the 2009 HOME Housing Investment Partnership grant funds and additional project proceeds be allocated as shown on the attached table.
Further, that the appropriate City officials be authorized and directed to execute and submit all necessary documents on the City's behalf to the U.S. Department of Housing and Urban Development to secure the City's 2009 HOME funds.
Further, that the appropriate City officials be authorized and directed to execute third-party agreements with agencies approved for use of the grant funds and project proceeds.
Fiscal Note: A 2009 HOME grant of $575,000 is anticipated. There are sufficient proceeds for other projects not covered by the 2009 grant.