HomeMy WebLinkAboutR2007-031s:\our documents\resolu[ions\07\home support resolution.doc
RESOLUTION NO. 7D ~'
A RESOLUTION BY THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS,
SUPPORTING THE HOME INVESTMENT PARTNERSHIP PROGRAM; AND PROVIDING
AN EFFECTNE DATE.
WHEREAS, decent, safe, affordable housing is at the core of family stability and strong
neighborhoods; and
WHEREAS, since 1992 the Home Investment Partnership Program (the "HOME
Program") has expanded the supply of decent, safe, affordable housing, strengthened public-
private partnerships; improved the lives of low and moderate-income people, and strengthened
neighborhoods; and
WHEREAS, the HOME Program provides direct formula grants to jurisdictions to fund a
wide-range of affordable housing activities, including home buyer assistance, the rehabilitation
and construction of owner and rental housing units; and
WHEREAS, the HOME Program is cost effective and strengthens public-private
partnerships by leveraging additional private resources to HOME projects; and
WHEREAS, the City of Denton has participated in the HOME Program since 1992, using
funds primarily to assist homeowners with units in need of repair and new homebuyers needing
assistance with down payment and closing costs; and
WHEREAS, the City of Denton worked to develop a local Community Housing
Development Organization (CHDO) now known as the Denton Affordable Housing Corporation,
to assist in utilizing HOME funds to provide affordable housing in the Denton community; and
WHEREAS, the City of Denton continues to support the revitalization of low and
moderate-income neighborhoods and housing in the community and the use of HOME funding is
important to this effort; NOW, THEREFORE,
THE COUNCIL OF THE CITY OF DENTON HEREBY RESOLVES:
SECTION 1. The City of Denton City Council strongly supports the Home Investment
Partnerships Program and recommends increased funding for the HOME Program formula; and
SECTION 2. This resolution shall become effective immediately upon its passage and
approval.
s9our documents\resolulions\07\homc support resolutinn.doc
PASSED AND APPROVED this the ~ day of (~ , 2007.
c~~
PE Y R. McNEILL, MAYOR
ATTEST:
JENNIFER WALTERS, CITY SECRETARY
BY:
APPROVED AS TO LEGAL FORM:
EDWIN M. SNYDER, CITY ATTORNEY