HomeMy WebLinkAbout3276 Resolution RESOLUTION NO. 3:;�-1 le
A RESOLUTION ALLOCATING ESTIMATED 2011 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 2011, the City of Pasco will receive $216,000 federal
HOME Entitlement Funds plus $260,000 in Program Income for a total estimated available of
$476,000 NOW, THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PASCO:
Section 1. 2011 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:
Estimated
Activity Units Amount
HOME Administration $ 26,000.00
First Time Homebuyer's Program 12 $ 60,000.00
Acquisition &Rehabilitation Program 2-3 $ 275,000.00
Owner-occupied Rehabilitation 3 $ 115,000.00
TOTAL ALLOCATED 15 $ 476,000.00
PASSED by the City Council of the City of Pasco this day of Q: kt (,'2010.
CITY OF PASCO:
att Watkins
Mayor
ATTEST: APPROVED AS TO FORM:
Debra L. Clark Leland B. Kerr
CMC City Clerk City Attorney