HomeMy WebLinkAbout3498 Resolution RESOLUTION NO. •,ciLVe
A RESOLUTION APPROVING FEDERAL NSP WORK PLAN ALLOCATION FOR
PROGRAM YEAR 2014.
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 estimates that $359,552 in NSP program income and
remaining NSP funds will be available in 2014; 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 1. That the Pasco City Council hereby approves the Neighborhood Stabilization
Program (NSP) Plan work plan allocation as follows:
2014 Proposed Activities Budget Units
Committed Funds $ 196,023.66
Acquisition/Rehabilitation/Down Payment Assistance $ 163,528.34 1
$ 359,552.00 1
PASSED by the City Council of the City of Pasco this !/ day of , 2013.
4-72/0"1 I
Matt Watkins
Mayor
ATTEST: ) APPR AS TO FORM:
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Debra L. rk Leland B. Kerr
City Clerk City Attorney
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