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 26, 2011
Dubuque
hitil
At- Amedcacity
2007
Housing and Community Development Department Director David Harris recommends
City Council approval of a grant application to the Iowa Finance Authority for $132,637
for continued support for homeownership activities in the Washington Neighborhood.
This grant requires a 25% match in the amount of $33,500. These funds are currently
available in the CIP budget, under the Homeownership Grants Activity and it is
recommended that the City Council approve a resolution authorizing commitment of
these funds as a match for this grant.
I concur with the recommendation and respectfully request Mayor and City Council
approval.
Michael C. Van Milligen
MCVM:jh
Attachment
cc: Barry Lindahl, City Attorney
Cindy Steinhauser, Assistant City Manager
David Harris, Housing and Community Development Department Director
Masterpiece on the Mississippi
Dubuque
kittil
AU- AmedcaCity
11 111
2007
TO: Michael Van Milligen, City Manager
FROM: David Harris, Housing and Community Development Department
SUBJECT: Washington Neighborhood /Housing Trust Fund Application
DATE: 26 September 2011
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 seven years.
We have received more than $1.2 million 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 $132 637 for continued support of
homeownership activities in the Washington Neighborhood. This requires a 25%
match, or $33 500. 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 $33 500 in available General funds as a match to the
Housing Trust Fund Committee's application to the Iowa Finance Authority for a
$132 637 grant from the State Housing Trust Fund.
RESOLUTION NO. 333 -11
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 $132 637; 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
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 $33 500 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 3rd day of October, 2011
Attest:
Kevin ' irnstahl, Cit Clerk
D.
Roy . Buol, Mayor