Explanation
BACKGROUND: This legislation authorizes the expenditure of $739,001.00 to preserve the local supply of decent, safe, sanitary and affordable housing for low-income families. Funds will be used to provide eligible homeowners with assistance for essential home repairs and/or home modifications through the Home Safe and Sound and Home Modification Programs in order to preserve the housing stock and enable homeowners to remain in their homes.
The Housing Preservation Fund represents the City's commitment to the preservation of housing units affordable to very-low, low and moderate-income individuals.
Emergency action is requested to avoid interruptions in vital program services.
FISCAL IMPACT: $739,001.00 will be expended from the Housing Preservation Fund/Home Safe and Sound Program-2013 Capital Improvements Budget.
Title
To authorize the Director of the Department of Development to make financial assistance available to eligible homeowners through the Home Safe and Sound and Home Modification Programs administered by the Housing Division; to authorize the expenditure of $739,001.00 from the Housing Preservation Fund; and to declare an emergency. ($739,001.00) (AMENDED BY ORD. 1528-2016 PASSED 6/27/2016)
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; and
Whereas, these funds will provide eligible homeowners with assistance for essential home repairs and/or home modifications through the Home Safe and Sound and Home Modification Programs 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 aforement...
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