City of Madison, Wisconsin | Legislative Information Center
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File #: 63936    Version: 1 Name: Awarding up to $1.7 million from the Affordable Housing Fund and up to $300,000 in Energy Efficiency and Conservation Block Grant (EECBG) funds to help finance the development of affordable housing, and up to $360,000 in Community Development Block Grant
Type: Resolution Status: Passed
File created: 1/27/2021 In control: Community Development Division
On agenda: 2/23/2021 Final action: 2/23/2021
Enactment date: 3/3/2021 Enactment #: RES-21-00153
Title: Awarding up to $1.7 million from the Affordable Housing Fund and up to $300,000 in Energy Efficiency and Conservation Block Grant (EECBG) funds to help finance the development of affordable housing, and up to $360,000 in Community Development Block Grant (CDBG) funds and up to $700,000 in HOME Investment Partnerships Program (HOME) funds to support four housing services programs, and up to $50,000 in City levy to support one homebuyer education program, as the recommended outcome of a competitive Request for Proposals (RFP) process conducted by the Community Development Division; and authorizing the Mayor and the City Clerk to enter into agreements with those agencies to implement the specified development projects.
Sponsors: Christian A. Albouras, Samba Baldeh, Zachary Henak, Tag Evers, Syed Abbas, Marsha A. Rummel, Nasra Wehelie
Attachments: 1. Housing Forward Memo to CDBG Committee.pdf, 2. Registrants Report - Public Comments CDBG 2-4-21.pdf, 3. 210223 Common Council Registrants Report Final.pdf
Fiscal Note
The proposed resolution authorizes awarding up to $1.7 million in affordable housing development loans and up to $1.36 million from CDD’s 2021 adopted operating budget to support four housing services programs. The proposed resolution also authorizes awarding up to $50,000 to support one homebuyer education program, which is included in the 2021 adopted operating budget. The $1.7 million proposed for developer loans will be funded by the estimated $4.1 million of remaining budget authority not yet committed to specific housing projects within the Affordable Housing-Development Projects capital program. The proposed $1.36 million of combined CDBG, HOME, and EECBG program funding is included in CDD’s 2021 Community Development Grants adopted operating budget. No additional City appropriation is required with adoption of this resolution.
Title
Awarding up to $1.7 million from the Affordable Housing Fund and up to $300,000 in Energy Efficiency and Conservation Block Grant (EECBG) funds to help finance the development of affordable housing, and up to $360,000 in Community Development Block Grant (CDBG) funds and up to $700,000 in HOME Investment Partnerships Program (HOME) funds to support four housing services programs, and up to $50,000 in City levy to support one homebuyer education program, as the recommended outcome of a competitive Request for Proposals (RFP) process conducted by the Community Development Division; and authorizing the Mayor and the City Clerk to enter into agreements with those agencies to implement the specified development projects.
Body
Background
The City of Madison’s 2021 Adopted Capital and Operating Budgets include approximately $1.3 million of Community Development Block Grant (CDBG) funds, approximately $2.6 million in HOME Investment Partnerships Program (HOME) funds, $900,000 in Energy Efficiency and Conservation Block Grant (EECBG) funds, $2 million from the City’s Affordable Housing Fund for the purpose of supporting...

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