HomeMy WebLinkAbout08084ORDINANCE NO. 8084
AN ORDINANCE BUDGETING AND APPROPRIATING FUNDS
FOR THE NEIGHBORHOOD STABILIZATON PROGRAM AND
THE HOMELESSNESS PREVENTION AND RAPID RE- HOUSING
PROGRAM
WHEREAS, the City Council approved and authorized grant agreements for the
Neighborhood Stabilization Program (NSP) and the Homelessness Prevention and Rapid Re-
Housing (HPRP) Grants by Ordinance No. 8051, and Ordinance No. 8048, respectively, passed
and approved on August 24, 2009.
BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO, that:
SECTION 1.
Neighborhood Stabilization Program Grant funds in the amount of $2,906,977 and Homelessness
Prevention and Rapid Re- Housing funds in the amount of $678,970 are hereby budgeted and
appropriated in Fund 240 and Fund 241, respectively, for eligible activities under the grant as
defined by the grant agreements.
A77TSTDD SY:
CITY CLERK
INTRODUCED: September 28, 2009
BY: Michael Occhiato
COUNCILPERSON
APPR D' 40, �.
PRESIDENTof City Council
PASSED AND APPROVED: October 13, 2009
4
Background Paper for Ordinance
AGENDA ITEM # S -2
DATE: September 28, 2009
DEPARTMENT: HOUSING AND CITIZEN SERVICES / ADA RIVERA CLARK
TITLE
AN ORDINANCE BUDGETING AND APPROPRIATING FUNDS FOR THE
NEIGHBORHOOD STABILIZATON PROGRAM AND THE HOMELESSNESS
PREVENTION AND RAPID RE- HOUSING PROGRAM
ISSUE
Should the City Council appropriate and budget funds to carry out eligible activities under the
grant?
RECOMMENDATION
Approval of the Ordinance.
BACKGROUND
The City of Pueblo submitted an application to the State's Division of Housing for an allocation
of Neighborhood Stabilization Program (NSP) funds. An allocation of $2,906,977 was
received. The grant was approved and authorized under Ordinance No. 8051. The State has
executed the Agreement and the City can begin to undertake activities under the grant. The City
also submitted an application to HUD for an allocation of Homelessness Prevention and Rapid
Re- Housing (HPRP) funds. An allocation of $678,970 was received. The grant was approved
and authorized under Ordinance No. 8048
The grant contracts have been executed by the State and HUD. The City needs to appropriate
and budget for eligible activities under the grant in their respective funds.
FINANCIAL IMPACT
Grant funds in the amount $2,906,977 will be available for the purchase, rehabilitation and
resale of foreclosed properties in Fund 240. Funds in the amount of $678,970 will be
available for homelessness prevention activities in Fund 241.