Washington Neighborhood Housing Trust Fund ApplicationTx~ crrY of ~~,,, Dubuque
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Masterpiece c~~ the Mississippi
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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: September 14, 2009
The Housing Trust Fund Committee has submitted an application to the Iowa Finance
Authority for $157,250 for continued support of homeownership activities in the
Washington Neighborhood. This application requires a 25% match, or $40,000.
Housing and Community Development Department Director David Harris recommends
City Council approval to commit $40,000 in available general funds as a match to the
Housing Trust Fund Committee's application to the Iowa Finance Authority.
I concur with the recommendation and respectfully request Mayor and City Council
approval.
Mich el C. Van Milligen
MCVM:jh
Attachment
cc: Barry Lindahl, City Attorney
Cindy Steinhauser, Assistant City Manager
David Harris, Housing and Community Development Department Director
THE CITY OF Dubuque
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Masterpiece on the Mississippi
2007
TO: Micha9~ VV--an Milligen, City Manager
FROM: David H`a~ris, Housing and Community Development De artment
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SUBJECT: Washington Neighborhood/Housing Trust Fund Application
DATE: 14 September 09
Dubuque is a certified "local housing trust fund" according to eligibility requirements of
the Iowa Finance Authority. Our Housing Trust Fund Committee has made applications
in annual competition to IFA, for State Housing Trust Fund grants, the past five years.
We have received about $750 000 in awards for the HEART Program, the Step by Step
Project and for support of home purchase and rehab activities in the Washington
Neighborhood.
For this year's application, we are applying for $157 250 for continued support of
homeownership activities in the Washington Neighborhood. This requires a 25%
match, or $40 000. These funds are currently available in the CIP budget, under the
Homeownership Grants Activity, No. 101-1595.
Commitment of these matching funds, to the Housing Trust Fund Committee, in support
of the application for State Housing Trust Funds, will satisfy the IFA requirement and
ensure that our application is competitive.
Action Step
The action requested of the City Council is to approve the attached resolution,
authorizing commitment of $40 000 in available General funds as a match to the
Housing Trust Fund Committee's application to the Iowa Finance Authority for a
$157 250 grant from the State Housing Trust Fund.
RESOLUTION NO. 351-09
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 state-wide 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 $157 250; and
WHEREAS, General Funds committed to the Washington Neighborhood
revitalization initiative are available in the current year Housing Department budget in
sufficient amount to meet the matching funds requirement; and
WHEREAS, other City funds have been committed to the Washington Neighborhood
in support of the Housing Trust Fund's initiative, including:
Community Development Block Grant: $225 000
Lead Hazard Reduction Program: $60 000
CDBG Rental Rehab: $63 000
N®W, THEREF®RE, EE IT RES®LVE® EY THE CITY C®111UCIL F THE CITY ®F
®U IJQtJE, I®WA:
Section 1. That the City of Dubuque hereby approves commitment of $40 000 in
current year General Funds 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 21St day of September, 2009.
Attest:
`~%~ Cam"/~l /i.'~'~~:~%-C` ~~'~/'
~ieanne Schneider, CMC
City Clerk
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J~c E. Connors, Mayor Pro-Tem