HomeMy WebLinkAbout3856 Resolution RESOLUTION NO. 3S5&
A RESOLUTION APPROVING THE 2019 NSP PROGRAM YEAR ANNUAL
WORK PLAN AND ALLOCATION
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, it is estimated NSP funds totaling $81,700 (plus program income received)
will be available for NSP eligible projects, NOW THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PASCO:
Section 1. That the Pasco City Council hereby approves the 2019 Neighborhood
Stabilization Program(NSP)Plan work plan allocation as follows:
2019 Proposed Activities Budget Units
Restricted for Administration 10% of PI(09-8009) $ 6,700.00
Down Payment Assistance/Minor Rehab(03-8009) $ 21,500.00 1
Down Payment Assistance/Minor Rehab **25% (04-8009) $ 53,500.00 2
**Households<50%AMI $ 81,700.00 3
PASSED by the City Council of the City of Pasco this. ay of (J , 2018.
Matt Watkins
Mayor
ATTEST: APPROVED AS TO FORM:
I.A 4 4 _ _/L/a a U/ / '
Daniela Erickson Leland B. Kerr
City Clerk City Attorney