Fiscal Note
The proposed resolution authorizes awarding funding 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 four organizations identified in the resolution requested approximately $1.19 million through the application period ending September 15, 2024. 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. No additional City appropriation is required.
Title
Awarding up to $1,191,786 in Community Development Block Grant (CDBG) funds through Community Development Division’s (CDD) Capital Improvements for Non-profit Housing (CINH) Program to four non-profit housing providers (Care Net Pregnancy Center of Dane County, Project Home, Nehemiah Center for Urban Leadership Development, and Madison Community Cooperative) and authorizing the Mayor and City Clerk to enter into agreements with those agencies to implement the specified rehabilitation projects.
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Background
The Community Development Division (CDD) has heard from nonprofit agencies that own and operate housing for low-to moderate-income households that the COVID-19 pandemic has had impacts to maintenance reserves due to tenants who experienced financial hardship during the pandemic.
On March 22, 2024, the Common Council approved the adoption of the 2024 Annual Action Plan (AAP) (RES-24-00207/ #82249) which identifies that up to $2 million of Community Development Block Grant (CDBG) funds will be used support the Capital Improvements for Non-profit Housing (CINH) Program. The program will make funds avail...
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