Minutes Housing Trust Fund 3 3 06
MINUTES OF THE HOUSING COMMISSION
TRUST FUND COMMITTEE
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DATE:
TIME:
PLACE:
March 3, 2006
8:15 a.m.
Housing and Community Development Department
1805 Central Avenue, Dubuque IA 52001
Chairperson Jim Holz called the meeting to order at 8:15 a.m. following staff assurance of
compliance with Iowa Open Meeting Law.
Committee Members Present: Doris Hingtgen
Jim Holz
John Walsh
Char Eddy
Committee Members Absent: Harry Neustadt
Staff Present:
David Harris
Jean Noel
Public Present:
Chris Olson
Certification of Minutes: 23 Februarv. 2006 Trust Fund Committee Meetina
Doris Hingtgen moved to approve the 23 February, 2006 Housing Trust Fund meeting
minutes. Char Eddy seconded. Roll Call. All present in favor. Motion passed.
Correspondence I Public Input
None
New Business
Request from Four Mounds Foundation for revision of HEART Project - Trust Fund
Contract.
Chris Olson of Four Mounds requested a revision of the Heart Project Trust Fund contract.
She asked to extend the grant from May 1,2006 to August 31,2007 and allow a variance for
them to rent the homes to a qualifying family for a period of time with an intent to purchase
agreement. Four Mounds is also requesting 60% of the funds benefit families earning 50-
80% or less of the median income and 40% of the funds benefit families earning 30% or less
of the median income. The application that was submitted to the Iowa Finance Authority on
behalf of Four Mounds specifically stated that Four Mounds must sell the completed homes
to households earning no more than 30% of area median income, therefore an amendment
request must be sent to IFA regarding these changes. Char Eddy moved to approve all
three requests with the selection committee approving the families and reporting to the Trust
Fund Committee. John Walsh seconded. Roll Call. All present in favor. Motion passed.
Information Sharina
David updated the Committee on the appeal process of Gary and Mary Jo Anderson, 655
Gillespie St., regarding relocation benefits.
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Adiournment
There being no further business to come before the Committee, Doris Hingtgen moved to
adjourn. John Walsh seconded. Roll Call. All present in favor. Motion passed. Meeting
was adjourned at 9:15 a.m.
ean Noel
Housing Secretary
Respectfully submitted by:
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David Harris
Department Director
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