City of Madison - File #: 04613

• File #: 04613
• Version: 1
• Name: $110,000 Home/Match + $10,000 HTF for Housing Initiatives 4-unit.
• Type: Resolution
• Status: Passed
• File created: 9/26/2006
• In control: BOARD OF ESTIMATES (ended 4/2017)
• On agenda: 10/17/2006
• Final action: 10/17/2006
• Enactment date: 10/18/2006
• Enactment #: RES-06-00869
• Title: Approving the provision of $110,000 in Federal HOME/Match Funds and $10,000 in Housing Trust Funds to assist Housing Initiatives acquire housing 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
10/17/2006	1	COMMON COUNCIL	Adopt	Pass
10/9/2006	1	BOARD OF ESTIMATES (ended 4/2017)	RECOMMEND TO COUNCIL TO ADOPT - REPORT OF OFFICER	Pass
10/5/2006	1	COMMUNITY DEVELOPMENT BLOCK GRANT COMMITTEE	Return to Lead with the Recommendation for Approval	Pass
10/3/2006	1	COMMON COUNCIL	Refer
10/3/2006	1	BOARD OF ESTIMATES (ended 4/2017)	Refer
9/27/2006	1	CDBG Office	Fiscal Note Required / Approval
9/27/2006	1	Finance Dept/Approval Group	Approved Fiscal Note By The Comptroller's Office
9/27/2006	1	CDBG Office	Referred for Introduction

Fiscal Note
$110,000 in Federal HOME funds is available in the Housing Development Fund. Expenses will not be counted toward the State expenditure control limits. $10,000 is available in the Housing Trust Fund and is authorized for commitment in 2006.
Title
Approving the provision of $110,000 in Federal HOME/Match Funds and $10,000 in Housing Trust Funds to assist Housing Initiatives acquire housing and authorizing the Mayor and City Clerk to sign an agreement to implement the project.
Body
Background:
Housing Initiatives is a community-based organization established to help consumers of mental health services secure more stable housing. Housing Initiatives has been active in counseling people and in helping them secure permanent housing. The City has helped Housing Initiatives assist over 36 families into longer-term rental housing.

Project:
Housing Initiatives proposes to acquire up to 4 units and partner with other organizations for supportive services and case management. Housing Initiatives will acquire the building with HOME/Housing Trust Funds and make renovations with other leveraged funds.

Action:
Whereas, the Common Council has adopted a five-year Community and Neighborhood Development Plan which identifies affordable housing as a critical issue within the community, and outlines a set of strategies and priorities to address those problems using community-based groups;

Whereas, the HOME Program, as amended, and its implementing regulations located at 24 CFR 92.200 ff., permit the City of Madison to help community agencies that create affordable housing for lower income persons; and

Whereas, the City has Federal HOME/Match funds and local Housing Trust Funds within its Housing Development Fund available to provide long-term affordable housing to lower income households;

Whereas CD staff and the CDBG Commission have reviewed this proposal for funds and find that it furthers the goals of the CD program expressed in the Five-Year C...