Fiscal Note
The proposed resolution authorizes awarding funding to various 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 six organizations identified in the resolution requested approximately $1.85 million through the first of a monthly application cycle approved by the Community Development Block Grant (CDBG) Committee on April 20, 2023, and their requests have been approved by the CDBG Committee. The proposals are consistent with the City's 2020-2024 Five-Year Consolidated Plan. Funding for the projects is included in the Community Development Division’s 2023 adopted budget through Community Development Block Grant (CDBG) funds. No additional appropriation is required.
Title
Awarding up to $1.85 million in Community Development Block Grant (CDBG) funds through Community Development Division’s (CDD) Capital Improvements for Non-profit Housing (CINH) Program to six different non-profit housing providers (Common Wealth Development, Madison Area Community Land Trust, Madison Development Corporation, Movin’ Out, Porchlight and Project Home) and authorizing the Mayor and City Clerk to enter into agreements with those agencies to implement the specified rehabilitation projects.
Body
Background
The Community Development Division (CDD) has heard from nonprofit agencies that own and operate properties that provide housing to low-to moderate-income households that the COVID-19 pandemic have had impacts to their maintenance reserves. Some of their tenants experienced financial hardship during the pandemic and struggled to pay for housing. That deprived the non-profits, who already operate on a tight margin, of funds needed for routine repairs building maintenance.
On April 20, 2023 the Community Development Block Grant Committee approved the use of up to $2 mi...
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