Minutes Housing T Fund 10 17 03MINUTES OF THE HOUSING COMMISSION
TRUST FUND COMMITTEE
DATE: October 17, 2003
TIME: 7:30 a.m.
PLACE: Housing and Community. Development Department
1805 Central Avenue, Dubuque IA 52001
Chairperson Jim Holz called the meeting to order at 7:35 a.m. following staff assurance of
compliance with Iowa Open Meeting Law.
Committee Members Present: Jim Holz Doris Hingtgen John Walsh
Harry Neustadt Char Eddy
Staff Present:
David Harris
Jean Noel
Joleen Patterson
Review and Certification of Minutes of 12 September 2003 Trust Fund Committee
Meeting
Char Eddy moved to approve the 12 September, 2003 Housing Trust Fund Committee
minutes. John Walsh seconded. Roll Call. All present in favor. Motion passed.
Correspondence / Pubiic Input
None
Old Business
State Housing Trust Fund
David discussed the proposed Section 26-37 (c), Housing Trust Fund, in the Code of
Ordinances stating that the Housing Trust Fund Advisory Committee shall have the final
authod~ to di.rect, how funds shell be used in accordance with the Iowa Finance Authority
Trust Fund Allocation Plan. John Walsh moved to approve the proposed ordinance
amendment. Doris Hingtgen seconded. All present in favor. Motion passed.
New Business
Review of Applications for Trust Fund Assistance
David shared a synopsis of the nine appliCations received for Trust Fund assistance through
the Iowa Finance Authority. The funds will be used for projects assisting Iow and moderate
income residents to meet their housing needs. Out of $2 million available for the Local
Housing Trust Fund Program, we are eligible to apply for $100,000 with a 25% match. Out
of the total $800,000 availab e for the Project Based Housing Program we are e. li,gibie to
apply for $~0'000 with ~ 10% m~tch. UPOn discusSion the Committee decided t0 reV ew
each application according to the Trust Fund application criteria. A meeting was set for
October 21, 2003 to calculate the points and rate the applications.
Information Sharing
None.
Adiournment
There being no further business to come before the Committee, John Walsh moved to
adjourn. Char EddY seconded. Roll Call. All present in favor. Motion passed. Meeting was
adjourned at 8:45 a.m.
Minutes taken by:
Housing Secretary
Respectfully submitted by:
Department Director