Washington Neighborhood Housing Trust Fund ApplicationMasterpiece 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: September 10, 2010
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.
Michael C. Van Milligen
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Attachment
cc: Barry Lindahl, City Attorney
Cindy Steinhauser, Assistant City Manager
David Harris, Housing and Community Development Department Director
Dubuque
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Masterpiece on the Mississippi
TO: Mich Van Milligen, City Manager
FROM: DaviNbrris Housing and Community Development Department
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SUBJECT: Washington Neighborhood /Housing Trust Fund Application
DATE: 10 September 2010
Dubuque
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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 six years.
We have received more than $900 000 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. 372 -10
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: $200 000
I -Jobs: $240 000
CDBG Rental Rehab: $40 000
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 $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 20 day of September, 2010.
Jeanne Schneider, CMC, City Clerk
a A. Braig, Mayor P