HomeMy WebLinkAbout12462RESOLUTION NO. 12462
A RESOLUTION APPROVING AN AGREEMENT BETWEEN
HABITAT FOR HUMANITY OF PUEBLO, INC., A COLORADO
NON-PROFIT CORPORATION AND THE CITY OF PUEBLO, A
MUNICIPAL CORPORATION, AND AUTHORIZING THE
PRESIDENT OF THE CITY COUNCIL TO EXECUTE SAME
BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, COLORADO that:
SECTION 1.
The Agreement dated August 13, 2012 between Habitat for Humanity of Pueblo, Inc., a
Colorado Non-Profit Corporation and the City of Pueblo, a Municipal Corporation, (“the
Agreement”), for operating expenses incurred in the development of affordable housing funded
with HOME Investment Partnership Act funds, a copy of which is attached and incorporated
herein, having been approved as to form by the City Attorney, is hereby approved.
SECTION 2.
The President of the City Council is hereby authorized to execute Agreement in the
name of the City and the City Clerk is directed to affix the seal of the City thereto and attest
same.
INTRODUCED: August 13, 2012
BY: Sandy Daff
COUNCIL PERSON
-2-
Background Paper for Proposed
RESOLUTION
# M-6
August 13, 2012AGENDA ITEM
DATE:
DEPARTMENT: HOUSING AND CITIZEN SERVICES
ADA RIVERA CLARK, DIRECTOR
TITLE
A RESOLUTION APPROVING AN AGREEMENT BETWEEN HABITAT FOR HUMANITY OF
PUEBLO, INC., A COLORADO NON-PROFIT CORPORATION AND THE CITY OF PUEBLO, A
MUNICIPAL CORPORATION, AND AUTHORIZING THE PRESIDENT OF THE CITY
COUNCIL TO EXECUTE SAME
ISSUE
Should the City Council approve an Agreement between the City of Pueblo and Habitat for
Humanity of Pueblo, Inc., (HFH) that provides operating funds in support of the development of
their affordable housing and mortgage loan program within the city for low and moderate income
families?
RECOMMENDATION
Approval of the Resolution
BACKGROUND
The City of Pueblo receives a yearly allocation of HOME funds. As part of the allocation there is
a mandatory set-aside for Community Housing Development Organizations (CHDO). Fifteen-
percent (15%) must be set-aside for these agencies. Habitat for Humanity qualifies as an
eligible CHDO under the federal guidelines and was awarded HOME funding in 2011 for the
development of four (4) single-family homes.
HOME grantees can fund CHDO operating expenses for those eligible CHDOs that are
undertaking eligible activities (own, sponsor or develop affordable housing). The City currently
has funding available for this purpose. The City wishes to enter into an Agreement with Habitat
in support of the units that were funded through a 2011 grant and are under construction.
Under this Agreement the City provides $35,000 in HOME funds for operating costs.
FINANCIAL IMPACT
Funding is available in the 251 Fund and has been appropriated for these purposes through
prior Ordinances.
-1-