City of Milwaukee - File #: 080856

• File #: 080856
• Version: 1
• Type: Resolution
• Status: Passed
• File created: 10/7/2008
• In control: STEERING & RULES COMMITTEE
• Final action: 10/29/2008
• Title: Substitute resolution authorizing the submittal and acceptance of the Housing and Economic Recovery Act of 2008 - Neighborhood Stabilization Program (NSP) funded through the Community Development Block Grant (CDBG) Program from the U. S. Department of Housing and Urban Development through the Community Development Grants Administration (CDGA).
• Sponsors: THE CHAIR
• Indexes: COMMUNITY DEVELOPMENT BLOCK GRANT, ECONOMIC DEVELOPMENT, HOUSING, NEIGHBORHOOD DEVELOPMENT

Date	Ver.	Action By	Action	Result	Tally
11/3/2008	1	MAYOR	SIGNED
10/29/2008	1	COMMON COUNCIL	ADOPTED	Pass	12:0
10/27/2008	0	STEERING & RULES COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Mr. Steven Mahan, Director, Community Development Grants Admin. appeared on this matter.	Pass	8:0
10/22/2008	0	STEERING & RULES COMMITTEE	HEARING NOTICES SENT
10/22/2008	1	CITY CLERK	DRAFT SUBMITTED
10/7/2008	0	COMMON COUNCIL	ASSIGNED TO

Number
080856
Version
SUBSTITUTE 1
Reference
Sponsor
THE CHAIR
Title
Substitute resolution authorizing the submittal and acceptance of the Housing and Economic Recovery Act of 2008 - Neighborhood Stabilization Program (NSP) funded through the Community Development Block Grant (CDBG) Program from the U. S. Department of Housing and Urban Development through the Community Development Grants Administration (CDGA).
Body
Whereas, The City of Milwaukee has been allocated $9,197,465 from the United States Department of Housing and Urban Development (HUD) through the Neighborhood Stabilization Program (NSP); and

Whereas, The Neighborhood Stabilization Program was authorized by a recently enacted Housing and Economic Recovery Act (HERA) of 2008; and

Whereas, The uses of the Neighborhood Stabilization Program funds are as follows:
· Establishment of financing mechanisms for the purchase and redevelopment of foreclosed upon homes and residential properties;
· Purchase and rehabilitation of abandoned and foreclosed homes and residential properties;
· Establishment of land banks for homes that have been foreclosed upon;
· Demolition of blighted structures; and
· Redevelopment of demolished or vacant properties; and

Whereas, The NSP is closely related to the Community Development Block Grant (CDBG) Program; and

Whereas, HUD will implement the Neighborhood Stabilization Program by relying upon existing CDBG requirements and making appropriate adjustments to accommodate the directives of HERA; and

Whereas, The proposed Annual Action plan amendment must be published by the usual methods for no less than 15 calendar days of public comment; and

Whereas, The City of Milwaukee must fully obligate its award within 18 months of receipt of the NSP funds. All NSP funds must be expended within 4 years of receipt of those funds from HUD: now therefore, be it

Resolved, By the Common Council of the City of Milwaukee, that the Community Development Grants Administration (CDGA...