Washington Neighborhood / Housing Trust Fund Grant Application Match Copyrighted
August 20, 2018
City of Dubuque Consent Items # 11.
ITEM TITLE: Washington Neighborhood / Housing Trust Fund
Application Match
SUMMARY: City Manager recommending approval to commit funds
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 for continued support of homeownership and
rehabilitation activities in the Washington Neighborhood.
RESOLUTION Approving commitment of matching funds
for application to the lowa Finance Authority (I FA)for State
Housing Trust Funds
SUGGESTED DISPOSITION: Suggested Disposition: Receive and File; Adopt
Resolution(s)
ATTACHMENTS:
Description Type
Washington Neighborhood Housing Trust Fund City Manager Memo
Application-NNM Memo
Staff Memo Staff Memo
Resolution Resolutions
THE CITY OF 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 15, 2018
The City of Dubuque Housing Trust Fund Committee will be applying for a $147,046
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°k local match, or $36,762.
Acting Housing and Community Development Department Director Alexis Steger
recommends City Council approval to commit $36,762 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 �� �
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Attachment
cc: Crenna Brumwell, City Attorney
Teri Goodmann, Assistant City Manager
Cori Burbach, Assistant City Manager
Alexis Steger, Acting Housing & Community Development Department Director
Dubuque
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TO: Michael Van Milligen, City Manager
FROM: Alexis Steger, Acting Housing & Community Development Dept Director
SUBJECT: Washington Neighborhood / Housing Trust Fund Application
DATE: July 20, 2018
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 $2.1 million in awards for the HEART
Program, the Step by Step Project and for support of homeownership and rehabilitation
activities in the Washington Neighborhood.
For this year's application, we are eligible to apply for $147,046 for continued support of
homeownership and rehabilitation activities in the Washington Neighborhood. This
requires a 25% local match, or $36,762.
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.
These funds must be committed and approved by the City Council at the
August 6, 2018 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 laterthan October 1 , 2018.
Action Step
The action requested of the City Council is to approve the attached resolution
authorizing commitment of $36,762 from GDTIF, Activity No. 2681021 as a match to the
Housing Trust Fund Committee's application to the lowa Finance Authority for a
$147,046 grant from the State Housing Trust Fund.
KLN
RESOLUTION NO. 242-18
APPROVING COMMITMENT OF MATCHING FUNDS FOR 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 $147,046; and
WHEREAS, the GDTIF Activity No. 2681021 funds for the match ($36,762) has been
budgeted and approved through FY2024 in the Housing Department's budget 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 GDTIF funds as
a match to the application for IFA State Housing Trust Fund.
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 20th day of August 2018.
Attest:
Kevi S. Firnstahl; City Clerk
Roy D Buol, Mayor