Housing Trust Fund Committee Grant Application to the IEDA Copyrighted
September 3, 2019
City of Dubuque Consent Items # 16.
ITEM TITLE: Housing Trust Fund Committee GrantApplication to the
I owa Finance Authority
SUMMARY: City Manager recommending approval of a resolution
authorizing commitment of funds from the Greater
Downtown Tax Increment Financing Urban Renewal District
as budgeted to be used as a match to the Housing Trust
Fund Committee's application to the lowa Finance Authority
for a grant from the State Housing Trust Fund.
RESOLUTION Approving commitment of matching funds
for an application to the I owa Finance Authority(I FA)for
State Housing Trust Funds
SUGGESTED DISPOSITION: Suggested Disposition: Receiveand File;Adopt
Resolution(s)
ATTACHMENTS:
Description Type
Washington Neighborhood Housing Trust Fund City Manager Memo
Application-MVM Memo
Staff Memo Staff Memo
Resolution Supporting Documentation
Dubuque
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TO: The Honorable Mayor and City Council Members
FROM: Michael C. Van Milligen, City Manager
SUBJECT: Washington Neighborhood / Housing Trust Fund Application
DATE: August 27, 2019
The City of Dubuque Housing Trust Fund Committee will be applying for a $129,755
grant from the lowa Finance Authority to be used for continued support of
homeownership and rehabilitation activities in the Washington Neighborhood. This
grant requires a 25% local match, or $32,439.
Housing and Community Development Director Alexis Steger recommends City Council
approval of a resolution authorizing commitment of $32,439 from the Greater powntown
Tax Increment Financing Urban Renewal District as budgeted to be used as a match to
the Housing Trust Fund Committee's application to the lowa Finance Authority for a
grant from the State Housing Trust Fund.
I concur with the recommendation and respectfully request Mayor and City Council
approval.
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Mic ael C. Van Milligen
MCVM:jh
Attachment
cc: Crenna Brumwell, City Attorney
Teri Goodmann, Assistant City Manager
Cori Burbach, Assistant City Manager
Alexis M. Steger, Housing and Community Development Director
Dubuque
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TO: Michael C. Van Milligen, City Manager
FROM: Alexis M. Steger, Housing and Community Development Director
SUBJECT: Washington Neighborhood / Housing Trust Fund Application
DATE: August 27, 2019
Introduction
Dubuque is a certified "local housing trust fund" according to eligibility requirements of
the lowa Finance Authority (IFA). Our Housing Trust Fund Committee has made
application in annual competition to IFA, for State Housing Trust Fund grants, the past
fourteen years. We have received more than $2.3 million in awards for the HEART
Program, the Step by Step Project and for support of homeownership and rehabilitation
activities in the Washington Neighborhood.
Backqround
For this year's application, we are eligible to apply for $129,755 for continued support of
homeownership and rehabilitation activities in the Washington Neighborhood. This
requires a 25% local match, or $32,439.
Commitment of these matching funds, to the Housing Trust Fund Committee, in support
of the application for the State Housing Trust Fund, will satisfy the IFA requirement and
ensure that our application is competitive.
A match has been budgeted and approved in GDTIF up through FY2024.
Discussion
These funds must be committed and approved by the City Council at the
September 3�d, 2019 Council meeting. Once the local match is approved by City
Council, the application can be completed with Council Resolution, reviewed and
approved by the Trust Fund Committee at a public hearing and forwarded to the lowa
Finance Authority (IFA). The application is due to IFA no later than October 1, 2019.
Recommendation
I respectFully request City Council approve the attached resolution authorizing
commitment of $32,439 from GDTIF, Activity No. 2681021 as a match to the Housing
Trust Fund Committee's application to the lowa Finance Authority for a $129,755 grant
from the State Housing Trust Fund.
Prepared by: Kris Neyen, Rehabilitation Programs Supervisor
RESOLUTION NO. 314-19
A RESOLUTION APPROVING COMMITMENT OF MATCHING FUNDS FOR AN
APPLICATION TO THE IOWA FINANCE AUTHORITY (IFA) FOR STATE HOUSING
TRUST FUNDS
WHEREAS, the Iowa Finance Authority has recognized Dubuque's Housing Trust
Fund Committee as a certified Local Housing Trust Fund; and
WHEREAS, IFA has made funding available in statewide competition to local trust
funds for State Housing Trust Fund grants, in amounts based on population size; and
WHEREAS, a 25% local match is required for receipt of a funding award; and
WHEREAS, the Housing Trust Fund Committee has authorized an application to IFA
for a Housing Trust Fund award, in the amount of $129,755; and
WHEREAS, the GDTIF Activity No. 2681021 funds are available in the current year
Housing Department's budget in sufficient amount to meet the matching funds
requirement; and
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
DUBUQUE, IOWA THAT:
Section 1. The City of Dubuque hereby approves commitment of $32,439 in the current
year GDTIF as a match to the application for IFA State Housing Trust Funds.
Section 2. The Housing Trust Fund Committee, in accordance with Sec. 2-5D-7 of the
Code of Ordinances, shall have final authority to direct how such funds shall be used in
support of revitalization activities in the Washington Neighborhoods.
Passed, approved and adopted this 3rd day of September 2019.
Attest:
S. Firnstahl, City Clerk
i /
Roy D Buol, Mayor