R2007-220 AUTHORIZING AGREEMENT - Laserfiche WebLink

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� ' ' . Economic and Urban Development Department Memorandum # 07-121 November 8, 2007 TO: Honorable Mayar Osborne and City Council FROM: Steve Ga , City Manager Greg Cro , ssistant City Manager� ��, Vickie Buck ngham, Assistant Director of Economic and Urban Development ��/''� Richelle D. Irons, Neighborhood Outreach Manager �,��.- SUBJECT: FY 07/08 HOME allocation to NHDC for Affordable Green Housing Initiative RECOMMENDATION: Staff recommends approval of the attached resolution regarding FY2007 HOME funding for the Neighborhood Housing Development Corporation (NHDC). The resolution provides $95,000 in project funds and $4,750 in operating funds toward the rehabilitation of three-vacant single- family homes for sale to low-moderate-income households. This rehabilitation will include "green"housing and energy efficiency techniques as used in the FY2006 program. BACKGROUND: In September, 2007, the City of Decatur published a Request for Proposals for FY 2007-08 HOME for Affordable Housing Development. An application was received from one organization and scored by staff. Neighborhood Housing Development Corporation (NHDC) was the only qualified responder. Staff recommends approval of funding for the Affordable Green Housing Project by NHDC. This award of$95,000 would be in addition to the $4,750 in CHDO operating funds for this project. Funds from this allocation would be used for renovation and soft costs associated with the rehabilitation of three vacant single-family structures. The homes would be sold to low to moderate-income households. Total project cost for the Affordable Green Housing Project is estimated to be $239,950. NHDC has been approved for financing through local private resources to complete projects. Agreement for the project described above is attached. POTENTIAL OBJECTIONS: None known. INPUT FROM OTHER SOURCES: Neighborhood Redevelopment and Neighborhood Outreach Staff, HOME regulations and guidelines.