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HomeMy WebLinkAbout3188 Resolution RESOLUTION NO. J 19 A RESOLUTION ALLOCATING ESTIMATED 2010 FEDERAL HOME FUNDS. WHEREAS, the City of Pasco entered into an Agreement with Kennewick and Richland in 2007 continuing participation in a Consortium originally formed in 1996 under the Home Investments Partnership (HOME)Program; and WHEREAS, the Consortium allows the three cities to be eligible for federal HOME funds; and WHEREAS, the City has established a Community Housing Improvement Program (CHIP); and WHEREAS, it is estimated in 2010, the City of Pasco will receive $217,000 federal HOME Entitlement Funds plus $325,000 in Program Income for a total estimated available of $542,000;NOW,THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PASCO: Section 1. 2010 HOME funds received by the City of Pasco shall be allocated to the Community Housing Improvement Program (CHIP) operate city-wide. Priority will be given to neighborhood improvement areas and low-moderate income census tracts as needed for the following activities below: Activity Estimated Units Amount HOME Administration $32,500.00 First Time Homebu er's Pro 8 $40,000.00 Infill Homebu er's Program 3 $171,700.00 Rental Rehabilitation Assistance 3 $297,800.00 TOTAL ALLOCATED $542,000.00 PASSED by the City Council of the City of Pasco this day of , 2009. CITY OF PASCO: *1tA 11 Joyce so May r ATTEST: APPROVED AS TO FORM: Sandy L. KgAkrtliy Leland B. K Deputy City Clerk City Attorney « 4 Q+ ƒ « 2 2 ) _ o z / k ® A N. ■ g> �� \ ) # ¥ Ln 4 UL -41 \ N. ,,2 AVE it \ r Ln N. 8TH AVE N. em #4 , . � . § N. !m AVE N. ,m AVE 4 @� § �1+ � # � \ VL ° ® f, N. 55 A N. 5m AVE y - � � § rn » f � y5 ¥ ¥ 4TH AVE * � ¥ � s �¥ a $ $ � � � A » * � ` \ k # $ $ CITY OF PASCO COMMUNITY FIGURE HOUSING IMPROVEMENT PROGRAM {CHIP) ] AREA LOCATION MAP