Washington Neighborhood Housing Trust Fund Grant Application Copyright 2014
City of Dubuque Consent Items # 7.
ITEM TITLE: Washington Neighborhood Housing Trust Fund Grant
Application
SUMMARY: City Manager recommending approval for the commitment
of local matching funds for a grant application being
submitted by the City of Dubuque Housing Trust Fund
Committee to the Iowa Finance Authority State Housing
Trust Fund for continued support of homeownership in the
Washington Neighborhood.
RESOLUTION Approving commitment of matching funds
for an application to the Iowa 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-MVM Memo
Staff Memo Staff Memo
Resolution Resolutions
THE CITY OF Dubuque
DUB E i"
Masterpiece on the Mississippi 2007.2012.2013
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, 2016
The City of Dubuque' Housing Trust Fund Committee will be submitting a grant
application to the Iowa Finance Authority State Housing Trust Fund in the amount of
$141,283 for continued support of homeownership activities in the Washington
Neighborhood. The application requires a 25% local match in the amount of $35,321.
The commitment of the local match must be approved by City Council prior to
submission of the grant application.
Housing & Community Development Department Director Alvin Nash recommends City
Council approval of the commitment of$35,321 as a match to the grant application,
which is available from program income in Home Ownership Grants from repayments of
loans.
I concur with the recommendation and respectfully request Mayor and City Council
approval.
6&-zn,
Mic ael C. Van Milligen
MCVM:jh
Attachment
cc: Barry Lindahl, City Attorney
Cindy Steinhauser, Assistant City Manager
Teri Goodmann, Assistant City Manager
Alvin Nash, Housing & Community Development Department Director
THE CITY OF Dubuque
AII11-America CiI.ty
UB E1
Masterpiece on the Mississippi 2007.2012.2013
TO: Michael Van Milligen, City Manager
FROM: Alvin Nash, Housing & Community Development Department Director
SUBJECT: Washington Neighborhood / Housing Trust Fund Application
DATE: September 6, 2016
Dubuque is a certified "local housing trust fund" according to eligibility requirements of
the Iowa Finance Authority (IFA). Our Housing Trust Fund Committee has made
application in annual competition to IFA, for State Housing Trust Fund grants, in the
past eleven years. We have received more than $1.8 million in awards for the HEART
Program, the Step by Step Project and for support of home purchase and rehabilitation
activities in the Washington Neighborhood.
For this year's application, we are applying for $141,283 for continued support of
homeownership activities in the Washington Neighborhood. This requires a 25% local
match, or $35,321. The local match cannot be from any other state/federal program, In
fact, according to the application 10% of the 25% local match must be provided by the
local government. In the past these funds were made available in the CIP budget,
under the Homeownership Grants Activity No. 1011595 (General Fund) and last year it
was decided to use funds from the North Cascade TIF FY 2016 Receipts, Activity No.
3601595-62761. However, this year we have enough Program Income in
Homeownership Grants Activity No. 1011595 from repayment of loans. Therefore, it is
our intention is to use these funds for the required match.
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.
These funds must be committed and approved by the City Council at the September 19,
2016 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 Iowa Finance Authority
(IFA). The application is due to IFA no later than October 1, 2016.
Action Step
The action requested of the City Council is to approve the attached resolution
authorizing commitment of $35,321 from Homeownership Grant Activity No. 1011595
Program Income as a match to the Housing Trust Fund Committee's application to the
Iowa Finance Authority for a $141,283 grant from the State Housing Trust Fund.
KLN
RESOLUTION NO. 320-16
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 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 $141,283; and
WHEREAS, Homeownership Grant Activity No. 1011595 funds are available in the
current year Housing Department's budget in sufficient amount to meet the matching
funds requirement.
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 $35,321 in
the current year Homeownership Grant 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 Neighborhoods.
PASSED, APPROVED AND ADOPTED thisl9th day of September, 2016.
Kevin" J. Lech, Mayor Pro -Tem
Attest:
Kevi ` Firnstahl, - erk