City of Madison - File #: 74456

• File #: 74456
• Version: 1
• Name: Awarding up to $1.65 million from the City's Affordable Housing Fund (AHF) to help finance the development of affordable housing, up to $1.25 million in Community Development Block Grant (CDBG) funds and up to $1.1 million in HOME Investment Partnerships
• Type: Resolution
• Status: Passed
• File created: 10/26/2022
• In control: Community Development Division
• On agenda: 12/6/2022
• Final action: 12/6/2022
• Enactment date: 12/9/2022
• Enactment #: RES-22-00824
• Title: Awarding up to $1.65 million from the City's Affordable Housing Fund (AHF) to help finance the development of affordable housing, up to $1.25 million in Community Development Block Grant (CDBG) funds and up to $1.1 million in HOME Investment Partnerships Program (HOME) funds to support seven housing services programs, and up to $100,000 in City levy to support two homebuyer education programs; and authorizing the sale of five lots, as the recommended outcomes of a competitive "Housing Forward: Financing for Homeownership" Request for Proposals (RFP) process conducted by the Community Development Division; and authorizing the Mayor and City Clerk to enter into agreements with those agencies to implement the specified development and services projects.
• Sponsors: Satya V. Rhodes-Conway, Nikki Conklin, Barbara Harrington-McKinney, Matthew J. Phair, Yannette Figueroa Cole, Tag Evers, Sheri Carter, Charles Myadze, Nasra Wehelie
• Related files: 84358

Date	Ver.	Action By	Action	Result
12/6/2022	1	COMMON COUNCIL	Adopt	Pass
11/28/2022	1	FINANCE COMMITTEE	RECOMMEND TO COUNCIL TO ADOPT - REPORT OF OFFICER	Pass
11/3/2022	1	COMMUNITY DEVELOPMENT BLOCK GRANT COMMITTEE	Return to Lead with the Recommendation for Approval	Pass
11/1/2022	1	FINANCE COMMITTEE	Referred
11/1/2022	1	COMMON COUNCIL	Refer	Pass
10/26/2022	1	Community Development Division	Referred for Introduction

Fiscal Note
The proposed resolution authorizes awarding funding to various affordable housing development projects, housing services programs, and homebuyer education programs. The resolution also authorizes the sale of five City lots and authorizes the Mayor and City Clerk to execute agreements and take other actions as needed to accomplish the purpose of the resolution. The projects and programs identified in the resolution were selected through a competitive RFP process and recommended by the CDBG Committee. Funding for the projects are included in the Community Development Division’s 2023 adopted budget and leverages multiple funding sources, including up to $1.65 million from the Affordable Housing Fund (AHF), up to $1.25 million in federal Community Development Block Grant (CDBG) funds, up to $1.1 million in federal HOME Investment Partnerships Program (HOME) and up to $100,000 in City levy. No additional appropriation is required.
Title
Awarding up to $1.65 million from the City's Affordable Housing Fund (AHF) to help finance the development of affordable housing, up to $1.25 million in Community Development Block Grant (CDBG) funds and up to $1.1 million in HOME Investment Partnerships Program (HOME) funds to support seven housing services programs, and up to $100,000 in City levy to support two homebuyer education programs; and authorizing the sale of five lots, as the recommended outcomes of a competitive "Housing Forward: Financing for Homeownership" Request for Proposals (RFP) process conducted by the Community Development Division; and authorizing the Mayor and City Clerk to enter into agreements with those agencies to implement the specified development and services projects.
Body
BACKGROUND

The Community Development Division (CDD) released the "Housing Forward: Financing for Homeownership" RFP on August 8, 2022, and accepted applications through September 1. Sixteen proposals were submitted: three organizations submitted proposals for affor...