Number
131727
Version
ORIGINAL
Reference
Sponsor
ALD. DAVIS
Title
Resolution relative to the activity funding distribution of Community First, Inc. 2013 HOME reprogramming award.
Analysis
This resolution authorizes a distribution of the Housing Production activity for Community First, Inc. 2013 HOME reprogramming award in the amount of $300,000 for Ingram Place to fund the activities on the Appleton Heights Townhomes and Glendale Heights Townhomes.
Body
Whereas, The Common Council of the City of Milwaukee has previously approved the HOME award of $300,000 to Community First, Inc. for the Housing Production to develop 53 units at Ingram Place Apartments; and
Whereas, The Community First, Inc. has notified the Community Development Grants Administration (CDGA) of their agreement to distribute the HOME Housing Production award as follows:
Ingram Place Apartments $ 18,751
Appleton Heights Townhomes $136,000
Glendale Heights Townhomes $145,249
; and
Whereas, Community First, Inc. states that this distribution will allow for the development of 89 affordable units as compared to the initial development of 53 affordable units. These projects will provide 18 units that will service individuals that are “at-risk of homelessness”; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee that the Community Development Grants Administration is authorized to distribute the HOME Housing Production activity funding as stated above; and, be it
Further Resolved, That Community First, Inc. shall submit budget and activity reports in amounts and according to any conditions approved by the Common Council and in accordance with File Number 74-92-5v, to the Community Development Grants Administration and the City Comptroller for review and approval; and, be it
Further Resolved, That payments for HOME cost incurred shall be paid in accordance with approved HOME reimbursement policy based on the approval by the Community Developmen...
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