ACTION REQUESTED:
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Communication from the City Manager and Community Development Director with a Request to RECEIVE and FILE the AMERICAN RESCUE PLAN (ARP) PROGRAM GUIDELINES and APPLICATIONS.
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BACKGROUND: As part of the 2022/2023 Budget, the Community Development Department will be operating multiple new programs with American Rescue Plan (ARP) Funds. Below is a description of each of these programs.
All programs will use an online application system, but individuals may also request a paper application be mailed to them to submit a hard copy application.
A. Housing Rehabilitation Program
The Housing Rehabilitation program is modeled on the East Village Growth Cell TIF Rehabilitation Program, but the program is expanded to all Qualified Census Tracts (QCTs). A map of the QCTs is attached.
The program would be available to all income eligible households at 120% Area Median Income or below. The program requires a 50% match from the homeowner for eligible improvements. Applications will be accepted on a first come, first serviced basis after the receipt of a completed application.
The attached program guidelines and application include all of the requirements for the program. $400,000 will be available in each year with prior year funds rolling over if not expended.
This program will launch once the project coordinator and community service inspector positions are filled.
There have been requests by landlords to allow rental properties to be eligible for this program. If it is the policy direction of Council to include rental properties, staff would recommend requiring a 75% match, income verification of the tenants and a requirement that the landlord does not sell the property for 3 years.
B. Down Payment Assistance Program
The Down Payment Assistance program will provide up to $5,000 or up to 10% of the purchase price in down payment assistance to owner-occupied property purchased within QCT. The homes must be single family with a final ...
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