City of Madison - File #: 04226

• File #: 04226
• Version: 1
• Name: Movin' Out EDI development
• Type: Resolution
• Status: Passed
• File created: 7/25/2006
• In control: BOARD OF ESTIMATES (ended 4/2017)
• On agenda: 9/5/2006
• Final action: 9/5/2006
• Enactment date: 9/6/2006
• Enactment #: RES-06-00726
• Title: Authorizing the provision of EDI and Match funds to assist Movin' Out, Inc., to develop housing in ways that address City, Community and Neighborhood Development Objectives and authorizing the Mayor and City Clerk to sign an agreement to implement the project.
• Sponsors: Cindy Thomas, Santiago Rosas

Date	Ver.	Action By	Action	Result
9/5/2006	1	COMMON COUNCIL	Adopt	Pass
8/28/2006	1	BOARD OF ESTIMATES (ended 4/2017)	RECOMMEND TO COUNCIL TO ADOPT - REPORT OF OFFICER	Pass
8/1/2006	1	COMMON COUNCIL	Refer
7/26/2006	1	CDBG Office	Fiscal Note Required / Approval
7/26/2006	1	Finance Dept/Approval Group	Approved Fiscal Note By The Comptroller's Office
7/26/2006	1	CDBG Office	Referred for Introduction

Fiscal Note
Funds are available within the Housing Development Fund. Expenses will not count toward the State Expenditure Limit.
Title
Authorizing the provision of EDI and Match funds to assist Movin' Out, Inc., to develop housing in ways that address City, Community and Neighborhood Development Objectives and authorizing the Mayor and City Clerk to sign an agreement to implement the project.
Body
AGENCY

Movin' Out is a community-based agency established by parents of adult children with developmental disabilities who wished to arrange stable housing for their adult children and their families. The organization has grown into a housing counseling and development agency that provides housing services to a range of people and families, including households where at least one of the members has a disability. The City of Madison has provided HOME funds to the organization to provide down payment to their client population as well as financing for an innovative re-use of surplus property in the downtown area to create the successful 22-owner-occupied condominium development called Coachyard Square. Movin' Out is currently teamed with another non-profit organization, Wisconsin Partnership for Housing Development, to build a development in the Twin Oaks subdivision.

PROJECT
Movin' Out seeks $245,000 in Economic Development Initiative and Match funds to assist them in locating homeownership opportunities in the City of Madison for income-eligible households where at least one of the members has a disability and including some households that are currently receiving Section 8 rental assistance.

ACTIONS
Whereas, the City received a Federal EDI grant in 2003 for the development of homeownership opportunities for income-eligible households, some that must be recipients of Section 8 housing assistance;
WHEREAS, CD staff and the CDBG Commission have reviewed this proposal and found that it furthers the goals expressed in the Five-Year Community and Ne...