Fiscal Note
$50,000 in Federal HOME funds is available in the Housing Development Fund. Expenses will not be counted toward the State expenditure control limits.
Title
Approving the provision of $50,000 in Federal HOME funds to assist Wisconsin Initiatives in Sustainable Housing acquire housing and authorizing the Mayor and City Clerk to sign an agreement to implement the project.
Body
BACKGROUND:
Wisconsin Initiatives in Sustainable Housing (WISH) is a community-based organization established to help people with disabilities secure more stable rental housing. WISH has been active in acquiring and managing rental housing long term for people with disabilities. The organization currently owns 8 units of housing and serves 10 people.
PROJECT:
WISH will purchase and make accessibility modifications to a unit on Ponwood Circle to provide long-term housing for two people with disabilities. WISH proposes to acquire the property and maintain in as long-term rental housing for people with disabilities.
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 $50,000 in Federal HOME 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 Community and Neighborhood Development Plan;
NOW, THEREFORE, BE IT RESOLVED that the Common Council approve the provision o...
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