Minutes_Housing Trust Fund Committee 4 4 12UNAPPROVED MINUTES OF THE HOUSING COMMISSION
TRUST FUND COMMITTEE
DATE: Wednesday, April 4, 2012
TIME: 7:30 a.m.
PLACE: Housing and Community Development Department
350 W. 6th Street, Suite 312, Dubuque IA 52001
Chairperson Jim Holz called the meeting to order at approximately 7:30 a.m., following
staff assurance of compliance with Iowa Open Meeting Law.
Committee Members Present: Doris Hingtgen Jim Holz Dorothy Schwendinger, OSF
Committee Members Absent: Dorothy Culbertson John Walsh
Staff Present: David Harris Kris Neyen Jane Glennon
Public Present: none
Certification of Minutes: August 19, 2011 Trust Fund Committee Meeting
Doris Hingtgen moved to approve the August 19, 2011 Trust Fund Committee meeting
minutes. Jim Holz seconded. Dorothy Schwendinger abstained. Roll call. Motion
passed.
Correspondence / Public Input
None
Old Business
Update on Trust Fund Activities
All 2010 ( #10 -10) funding ($157,250) has been committed. $90,000 in 2011 ( #11 -18)
funding ($157,250) has been allocated for down payment assistance on the row houses
located in the 1700 block of Washington.
State Housing Trust Fund money through the Iowa Finance Authority (IFA) grant, funds
all local housing trusts yearly. Funding in January 2012 was reduced from $157,250 to
$132,637.
Home improvements to homes in the Washington Neighborhood and a recent mailing to
home owners generated a renewed interest in home improvement in the area.
New Business
Expansion of Eligible Lending Area
A portion of the lots acquired by the City in the 2200 and 2300 blocks of Washington
Street known as the Bee Branch will create an alley and a right of way. The
Washington Neighborhood incentive funding program area adjoins the Bee Branch.
City Housing Department is converting some of the duplexes to single - family owner -
occupied homes. Current incentives provide only $5,000 down payment assistance.
Other funding would be in the form of a loan. Staff is recommending expanding the
incentives for the Washington Neighborhood to include 2200 -2300 blocks.
Doris Hingtgen moved to expand use of Housing Trust Fund incentives to the 2200 and
2300 blocks of Central Avenue, White Street, Jackson Street, Washington Street and
Elm Street. This will now be called the Expanded Neighborhood Incentives Program
providing the same home purchase and home rehabilitation incentives as currently in
the Washington Neighborhood. Dorothy Schwendinger seconded. Roll call. All present
in favor. Motion passed.
Information Sharing,
Kris Neyen presented information on the completely renovated historic Washington row
houses, purchase incentives and plans to schedule an open house. Doris Hingtgen
offered to help with the open house.
Adiournment
There being no further business to come before the Committee, Dorothy Schwendinger
motioned to adjourn and Doris Hingtgen seconded. Meeting was adjourned at
approximately 7:50 a.m.
Minutes taken by:
ilAtt
Jane Glennon
Rehabilitation Programs Secretary
Respectfully submitted by:
David Harris
Housing & Community Development Director