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File #: 15-14240    Version: 1 Name:
Type: Business Item Status: Agenda Ready
File created: 9/17/2020 In control: City Council Business Meeting
On agenda: 10/12/2020 Final action:
Title: Grant for Single-Family Affordable Housing Rehabilitation and Preservation
Attachments: 1. Lowe's Foundation Budget Ordinance

Title

Grant for Single-Family Affordable Housing Rehabilitation and Preservation

Action

Action:

A.                     Accept a grant in the amount of $1,333,333 from the Lowe’s Foundation for the Safe Home Rehabilitation Program, and

 

B.                     Adopt a budget ordinance appropriating $1,333,333 from the Lowe’s Foundation in the Neighborhood Development Grants Fund.

 

Body

Staff Resource(s):

Pamela Wideman, Housing and Neighborhood Services

Explanation

§                     The city has been awarded a $1,333,333 grant from the Lowe’s Foundation to help rehabilitate and preserve naturally occurring single-family affordable housing along the Beatties Ford Road Corridor.

§                     This grant will complement the city’s investments in this area as part of the Corridors of Opportunity program by providing additional resources to the city’s existing Safe Home Rehabilitation Program (Program) to help improve community quality of life, avoid additional loss of affordable single-family housing stock, and ultimately avoid displacement of low-income residents.  

§                     The Program will provide grants to eligible homeowners for home repairs that:

-                     Bring the home into compliance with the city’s minimum housing code;

-                     Mitigate exposure to lead based paint hazards;

-                     Provide energy efficiency and water saving retrofits; and

-                     Assist in minimizing displacement of residents.

§                     The grant does not require a local match.

 

Fiscal Note

Funding:  Lowe’s Foundation Grant

 

Attachments

Attachment(s)

Budget Ordinance