Explanation
BACKGROUND: This legislation authorizes the expenditure of $300,000.00 to preserve the local supply of decent, safe, sanitary and affordable housing for low-income families. The Housing Preservation Fund represents the City's commitment to the preservation of housing units affordable to very-low, low and moderate-income individuals. Funds will be used to provide eligible homeowners with assistance for home repairs through the Roof Repair Program in order to preserve the housing stock and enable homeowners to remain in their homes.
$300,000.00 is available for this purpose from the 2010 Capital Improvements Budget, Housing Preservation Fund.
Emergency action is requested to avoid interruptions in the delivery of vital program services.
FISCAL IMPACT: $300,000.00 will be expended from the Housing Preservation Fund- 2010 Capital Improvements Budget.
Title
To authorize the Director of the Department of Development to make financial assistance available through the Roof Repair Program administered by the Housing Division; to authorize the expenditure of $300,000.00 from the Housing Preservation Fund; and to declare an emergency. ($300,000.00)
Body
Whereas, it is necessary to expend funds from the Housing Preservation Fund to preserve the local supply of decent, safe, sanitary and affordable housing for low-income families of; and
Whereas, funds will be used to provide eligible homeowners with assistance for home repairs through the Roof Repair Program in order to preserve the housing stock and enable homeowners to remain in their homes; and
Whereas, emergency action is necessary to avoid interruptions in the delivery of vital program services; and
Whereas, an emergency exists in the usual daily operation of the Department of Development, Housing Division, in that it is immediately necessary to expend the aforementioned funds, thereby preserving the public health, peace, property, safety and welfare; and NOW, THER...
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