Explanation
BACKGROUND: This legislation authorizes the expenditure of $303,925.00 from the Housing Preservation Fund to the Department of Development, Housing Division for targeted distribution through the Driving Park Home Repair Program (aka the James Johnson Home Repair Program). The funds will be used to provide financial assistance to eligible homeowners for necessary and prioritized home improvements within a targeted area of the Driving Park, Old Oaks and Hanford Village Neighborhoods.
The Driving Park Home Repair Program represents City Council's commitment to serving the housing needs of the Driving Park Neighborhood. Eligible participants are those homeowners who reside within the program service boundaries described in Exhibit A as determined by the Department of Development.
Emergency action is necessary to allow the Housing Division to make the Driving Park Home Repair Program available to residents without delay.
FISCAL IMPACT: $303,925.00 will be expended from the Housing Preservation Fund/Driving Park Area Home Renovation - 2017 Capital Improvements Budget.
Title
To authorize the Director of the Department of Development to make financial assistance available through the Driving Park Home Repair Program administered by the Housing Division; to authorize the expenditure of $303,925.00 from the Housing Preservation Fund; and to declare an emergency. ($303,925.00)
Body
WHEREAS, this legislation authorizes up to $303,925.00 from the Housing Preservation Fund to the Department of Development, Housing Division for targeted distribution through the Driving Park Home Repair Program; and
WHEREAS, the funds will be used to provide financial assistance to eligible homeowners for necessary and prioritized home improvements within a targeted area of the Driving Park, Old Oaks and Hanford Village Neighborhoods; and
WHEREAS, the Driving Park Home Repair Program represents City Council's commitment to serving the housing needs of the Driving Park Neighb...
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