HomeMy WebLinkAbout3341 Resolution RESOLUTION NO. -3 64
A RESOLUTION APPROVING FEDERAL NSP WORK PLAN ALLOCATION FOR
PROGRAM YEAR 2012
WHEREAS, the Neighborhood Stabilization Program (NSP) is authorized under Title III
of the Housing and Economic Recovery Act of 2008 (HERA), administered by the US
Department of Housing & Urban Development (HUD), and subject to both CDBG and HOME
regulations for the purpose of stabilizing neighborhoods negatively affected by foreclosures and
abandoned properties, and
WHEREAS, the City of Pasco expects to receive $357,000 in program income from the
sale of three foreclosed homes acquired and rehabilitated with NSP funds; and
WHEREAS, the City adopted regulations in establishing single family rehabilitation
standards for programs operating under HOME Investment Partnerships Regulations 24 CFR
570.92 that also apply to the Neighborhood Stabilization Program; and
WHEREAS, the Neighborhood Stabilization Program (NSP) Action Plan has been
prepared in accordance with Department of Commerce (DOC) Guidelines to allow for down
payment assistance, acquisition and rehabilitation activities; NOW THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PASCO:
Section L That the Pasco City Council hereby approves the Neighborhood Stabilization
Program (NSP) Plan work plan allocation as follows:
Proposed Activities Budget Units
Acquisition&Infill Construction Projects $ 253,000.00 2
Homebuyer Assistance(Infill and DPA) $ 77,000.00 4
Administration from PI $ 27,000.00
$ 357,000.00 6
PASSED by the City Council of the City of Pasco this 17 day of Sto4 OA 12011.
Matt Watkins
Mayor
A TEST:
APP VE AS TO FOR
Debra L. Clark Leland B. Kerr
CMC City Clerk City Attorney