City of Milwaukee - File #: 101175

• File #: 101175
• Version: 1
• Type: Resolution
• Status: Passed
• File created: 1/19/2011
• In control: COMMUNITY & ECONOMIC DEVELOPMENT COMMITTEE
• Final action: 2/8/2011
• Title: Substitute resolution authorizing the submittal, acceptance and funding of the Neighborhood Stabilization Program 3 under the Dodd-Frank Act from the U. S. Department of Housing and Urban Development through the Community Development Grants Administration (CDGA).
• Sponsors: THE CHAIR
• Indexes: COMMUNITY BLOCK GRANT ADMINISTRATION, COMMUNITY DEVELOPMENT BLOCK GRANT

Date	Ver.	Action By	Action	Result	Tally
2/15/2011	1	MAYOR	SIGNED
2/8/2011	1	COMMON COUNCIL	ADOPTED	Pass	12:0
1/31/2011	1	COMMUNITY & ECONOMIC DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Individual present: Steven Mahan Director of Community Development Block Grant	Pass	5:0
1/27/2011	1	COMMUNITY & ECONOMIC DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
1/21/2011	1	CITY CLERK	DRAFT SUBMITTED
1/19/2011	0	COMMON COUNCIL	ASSIGNED TO

Number
101175
Version
SUBSTITUTE 1
Reference
Sponsor
THE CHAIR
Title
Substitute resolution authorizing the submittal, acceptance and funding of the Neighborhood Stabilization Program 3 under the Dodd-Frank Act from the U. S. Department of Housing and Urban Development through the Community Development Grants Administration (CDGA).
Body
Whereas, In 2010, Congress appropriated a third round of neighborhood stabilization funds in the Dodd-Frank Act (NSP3); and

Whereas, The City of Milwaukee has been allocated $2,687,949 from the United States Department of Housing and Urban Development (HUD) through the Neighborhood Stabilization Program 3 (NSP3); and

Whereas, The proposed Neighborhood Stabilization Program 3 plan amendment will be posted by the usual method for no less that 15 calendar days for public comment; and

Whereas, The City of Milwaukee is required to expend 25 percent of its grant amount for activities that will provide housing for households whose income is at or under 50 percent of area median income; and

Whereas, The City of Milwaukee must expend at least 50 percent of allocated funds within 2 years of the date funds become available and 100 percent within 3 years of such date; now therefore, be it

Resolved, By the Common Council of the City of Milwaukee, that the Community Development Grants Administration (CDGA) is hereby authorized to submit to the United States Department of Housing and Urban Development the final version of the Neighborhood Stabilization Program 3 Plan substantial amendment to the Consolidated Plan and the Annual Action Plan as well as any other related documentation required by the U. S. Department of Housing and Urban Development. Funding awards will be allocated as shown in Attachment A. The NSP3 Plan is due to the U. S. Department of Housing and Urban Development by March 1, 2011; and, be it

Further Resolved, That the Mayor of the City of Milwaukee is designated as the authorized representative of the City of M...