HomeMy WebLinkAbout8510RESOLUTION NO. 8510
A RESOLUTION APPROVING AN APPROPRIATION OF
CDBG/HOME FEDERAL FUNDS TOWARD A JOINT CITY AND
COUNTY HOUSING NEEDS SURVEY PRIOR TO THE
ESTABLISHMENT OF A CITY COUNTY HOUSING LOAN z
POOL
WHEREAS, the City of Pueblo (hereinafter "City "), pursuant to the HOME Investment
Partnerships Act, the Cranston - Gonzales National Affordable Housing Act; 42 U.S.0 12701 et seq;
and implementing regulations under 24 CFR Part 92, has been a participating jurisdiction for
HOME federal funds under the program since 1992; and
WHEREAS, in accordance . with the provisions of the Act and 24 CFR Part 92 a portion of
such financial assistance, subject to appropriation by the City Council, may be made available for
administrative purposes for the purpose of carrying out specific elements of the City of Pueblo
consolidated housing plan including the expansion of the availability of affordable housing for low
and moderate income Pueblo residents; and
WHEREAS, the Pueblo Consortium consisitng of the City of Pueblo and Pueblo County
has proposed to conduct an updated housing survey needs assessment in order to better plan the use
of CDBG and HOME federal housing funds and prior to an affordable housing project loan pool;
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PUEBLO,
COLORADO, that:
SECTION I.
The City commits to appropriate an amount of $12,500 toward the cost of the survey with
60- 1998- 650- 0 -40 -82
funds to come from account # - of Federal FY 98 HOME funds to assist the
county in conducting the survey. Use of these funds are consistent with City's consolidated plan.
ATTEST:
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INTRODUCED: September 14 , 1998
By Al Gurule
Councilperson
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President of the 6ity Co cil