Washington Neighborhood / Housing Trust Fund ApplicationCity of Dubuque
City Council Meeting
Consent Items # 13.
Copyrighted
September 7, 2021
ITEM TITLE: Washington Neighborhood / Housing Trust Fund Application
SUMMARY: City Manager recommending approval of a resolution authorizing
commitment of $34,951.64 from Greater Dubuque Downtown TI F as a
match to the Housing Trust Fund Committee's application to the Iowa
Finance Authority for a $183,956 grant from the State Housing Trust
Fund for continued support of homeownership and rehabilitation activities
in the Washington Neighborhood.
RESOLUTION Approving commitment of matching funds for an
application to the Iowa Finance Authority (I FA) for State Housing Trust
Funds
SUGGESTED Suggested Disposition: Receive and File; Adopt Resolution(s)
DISPOSITION:
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Description Type
Washington Neighborhood Housing Trust Fund City Manager Memo
Application-MVM Memo
Staff Memo Staff Memo
Resolution Resolutions
THE CITY
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Masterpiece on the Mississippi
TO: The Honorable Mayor and City Council Members
FROM: Michael C. Van Milligen, City Manager
SUBJECT: Washington Neighborhood / Housing Trust Fund Application
DATE: August 30, 2021
Dubuque
All -America City
IN
2007.2012.2013
2017*2019
Housing and Community Development Director Alexis Steger recommends City Council
approval of a resolution authorizing commitment of $34,951.64 from Greater Dubuque
Downtown TIF as a match to the Housing Trust Fund Committee's application to the
Iowa Finance Authority for a $183,956 grant from the State Housing Trust Fund for
continued support of homeownership and rehabilitation activities in the Washington
Neighborhood. Commitment of these matching funds will satisfy the Iowa Finance
Authority's requirement and ensure that the application is competitive.
I concur with the recommendation and respectfully request Mayor and City Council
approval.
v
Mic ael C. Van Milligen
MCVM:jh
Attachment
CC' Crenna Brumwell, City Attorney
Cori Burbach, Assistant City Manager
Alexis Steger, Housing and Community Development Director
Dubuque
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TO: Michael C. Van Milligen, City Manager
FROM: Alexis Steger, Housing and Community Development Dept. Director
SUBJECT: Washington Neighborhood / Housing Trust Fund Application
DATE: August 16, 2021
Introduction
Dubuque is a certified "local housing trust fund" according to eligibility requirements of
the Iowa Finance Authority (IFA). Our Housing Trust Fund Committee has made
application in annual competition to IFA, for State Housing Trust Fund grants, the past
fifteen years. We have received more than $2.4 million in awards for the HEART
Program, the Step -by -Step Project and for support of homeownership and rehabilitation
activities in the Washington Neighborhood.
Background
For this year's application, we are eligible to apply for $183,956.00 for continued
support of homeownership and rehabilitation activities in the Washington Neighborhood.
This year's application is requiring 25% local match of the first 60% of the total award
amount and 10% of the remaining 40% of the total award, or a total of $34,951.64.
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 7, 2021, Council meeting. Once the local match is approved by City
Council, the application can be completed with Council Resolution, reviewed and
approved by the Housing Trust Fund Committee at a public hearing and forwarded to
the Iowa Finance Authority (IFA). The application is due to IFA no later than October 1,
2021.
Recommendation
Staff is recommending City Council is to approve the attached resolution authorizing
commitment of $34,951.64 from GDTIF, Activity No. 2681021 as a match to the
Housing Trust Fund Committee's application to the Iowa Finance Authority for a
$183,956.00 grant from the State Housing Trust Fund.
Prepared by: Kris Neyen, Rehabilitation Programs Supervisor
Prepared by Alexis Steger Housing & Community Devel 350 W. 61 St Suite 312 (563) 690 6072
Return to Adrienne N. Breitfelder, City Clerk, 50 W. 131h St., Dubuque, IA 52001, (563) 589-4100
RESOLUTION NO. 297-21
A RESOLUTION APPROVING COMMITMENT OF MATCHING FUNDS FOR AN
APPLICATION TO THE IOWA FINANCE AUTHORITY (IFA) FOR STATE HOUSING
TRUSTFUNDS
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 of the first 60% of the total award amount and
10% of the remaining 40% of the total award, or a total of $34,951.64 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 $183,956; 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:
Section 1. That the City of Dubuque hereby approves commitment of
$34,951.64, in the current year GDTIF as a match to the application for IFA State
Housing Trust Funds.
Section 2. That 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 Neighborhood.
PASSED, APPROVED AND ADOPTED this 7th day of September 2021.
Roy D#-uol, Mayor
Attest:
Adrienne N. Breitfelder, City Clerk