Fiscal Note
The proposed resolution authorizes awarding up to $1,136,440 to four community non-profit housing providers for capital improvements at their residential properties. The resolution also authorizes the Mayor and City Clerk to execute agreements and take other actions as needed to accomplish the purpose of the resolution. The proposals are consistent with the City's 2020-2024 Five-Year Consolidated Plan and with the 2024 Annual Action Plan approved by the Common Council in March 2024. $2.0 million of funding for the program is included in the Community Development Division’s 2024 Adopted Operating Budget through Community Development Block Grant (CDBG) funds. $697,000 was approved by Council in October 2024 (Leg file 85520, RES-24-00622) to three organizations who submitted applications through the first application cycle that closed September 15, 2024. No additional City appropriation is required.
Title
Awarding up to $1,136,440 in Community Development Block Grant (CDBG) funds through the Community Development Division’s (CDD) Capital Improvements for Nonprofit Housing (CINH) Program to four non-profit housing providers (Bram Hill Apartments/Bram Hill Institute, Northport Apartments Corporation, The Road Home, and Housing Initiatives) and authorizing the Mayor and City Clerk to enter into agreements with those agencies to implement the specified rehabilitation projects (District 2, District 6, District 10, District 12, District 14, District 18).
Body
Background
The Community Development Division (CDD) has heard from nonprofit agencies that own and operate housing for low- to moderate-income households that financial hardships experienced by tenants during the COVID-19 pandemic depleted maintenance reserves and made it difficult for agencies to maintain their properties.
On March 19, 2024, the Common Council approved the City of Madison’s 2024 Annual Action Plan (AAP) (RES-24-00207/ Leg file #82249) which allocates up to $2 million in Community De...
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