Laserfiche WebLink
144 <br /> <br />ADMINISTRATION AND PLANNING (1620) <br /> Admin & Planning 06-07 $109,215 <br /> Grand Total $764,383 <br /> *Funded through reprogrammed community development account and program <br />income <br /> **Codes are not available through CityLink at this time. Codes will be assigned <br />at a later date. <br /> <br />The amounts so appropriated as grants to other public agencies and private non-profit, <br />charitable organizations, (subreceipients) are for the sole purpose stated. The City <br />Manager is authorized to enter into agreements with those agencies and organizations as <br />he may deem advisable to ensure that the grants are expended for the intended purposes, <br />and in accordance with applicable federal and state laws and regulations; and <br /> <br />The City Manager, the Directors of Finance or Neighborhood Development Services, and <br />staff of the Charlottesville Redevelopment and Housing Authority (CRHA) are <br />authorized to establish administrative procedures and provide for mutual assistance in the <br />execution of the programs as provided by the Board of CRHA. <br /> <br />A RESOLUTION <br />APPROPRIATING FUNDS FOR <br /> THE CITY OF CHARLOTTESVILLE’S 2006-2007 <br /> HOUSING OPPORTUNITIES MADE EQUAL (HOME) FUNDS <br /> <br />$161,314 <br /> <br />WHEREAS <br /> , the City of Charlottesville has been advised of the approval by the <br />U.S. Department of Housing and Urban Development of Housing Opportunities Made <br />Equal (HOME) funding for the 2006-2007 fiscal year; <br /> <br />WHEREAS <br /> , the region has been awarded $911,093 for year thirteen or fiscal <br />year 06-07, in HOME funding of which the City will receive $117,007 to be expended on <br />affordable housing initiatives such as Downpayment and Closing Cost Assistance, and <br />Substantial Rehabilitation. <br /> <br />WHEREAS <br /> , it is a requirement of this grant that projects funded with HOME <br />initiatives money be matched with local funding in varying degrees; <br /> <br />BE IT RESOLVED <br /> by the Council of the City of Charlottesville, Virginia that <br />the local match for the above listed programs will be covered by the Housing Initiatives <br />Capital Improvements Program account (P-00126 in SAP system) in the amount of <br />$39,000. The total of the HUD money and the local match, $156,000, will be distributed <br />by the following four accounts: Downpayment and Closing Cost Assistance will receive <br />$56,250 from HUD and $18,750 from the City; Substantial Rehabilitation will receive <br />$42,000 from HUD and $14,000 from the City; Forest Street Townhouses Rehab. Phase 2 <br />will receive $3,750 from HUD and $1,250 from the City. Administrative funds for the <br />year total $5,314.73. <br /> <br />HOME Program Funds <br /> HOME % MATCH LOCAL <br />(Fiscal Year 06-07) FUNDING REQUIRED MATCH <br /> TOTAL <br /> <br />Downpayment/Closing $56,250 25% $18,750 $75,000 <br />Cost Assistance <br />Substantial Rehabilitation $42,000 25% $14,000 $56,000 <br />PHA – Downpayment Assist. $15,000 25% $5,000 $20,000 <br />PHA - Forest Street Townhouses $3,750 25% $1,250 $5,000 <br />Rehabilitation, Phase 2 <br />Administration & Planning $5,314 $5,314 <br /> <br /> $122,314 $39,000 <br /> $161,314 <br /> <br /> <br /> <br />