HomeMy WebLinkAbout3912 ResolutionRESOLUTION NO. M
A RESOLUTION APPROVING FEDERAL 2020 HOME ANNUAL WORK PLAN AND
ALLOCATION
WHEREAS, the City of Pasco together with Kennewick and Richland renewed a cooperative
agreement in 2019 continuing participation through 2022 in the 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, $207,000 is expected to be available from entitlement funds, plus program income,
for Pasco HOME projects in program year 2020, NOW, THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PASCO:
Section 1. That the 2020 HOME funds received by the City of Pasco shall be allocated to
the Community Housing Improvement Program (CHIP) First Time Homebuyer Assistance program
which operates city-wide with priority given to neighborhood improvement areas and low -moderate
income census tracts as follows, and;
PY 2020 Proposed Activities Budget Units
2020 Restricted for Administration $ 10,000
2020 Down Payment Assistance (max 20% of purchase) $181,000 4
2020 Closing Costs (up to $4,000, forgiven) $16,000
$207,000 4
Contingent Project
Permanent Supportive Housing Up to $800,000 50
Section 2. That the City Manager or his delegate is hereby authorized to sign all agreements
in accordance with the 5 -Year Consolidated Plan, and Annual Action Plan Supplements previously
approved by Council. j�,
PASSED by the City Council of the City of Pasco this " day of / 7 V/ f i S 2019:
CITY OF PASCO:
Matt Watkins
Mayor
ATTEST:
AngeIV Pashon
Interim City Clerk
APPROVED AS TO FORM:
Ke>�Law GeyCit