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A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF POMPANO BEACH, FLORIDA, APPROVING THE AFFORDABLE HOUSING AMENDMENT TO THE NORTHWEST CRA PLAN AS RECOMMENDED BY THE POMPANO BEACH COMMUNITY REDEVELOPMENT AGENCY; PROVIDING AN EFFECTIVE DATE.
(Fiscal Impact: N/A)
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(Staff Contact: Suzette Sibble/Nguyen Tran)
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Summary Explanation/Background:
As the governing entity which established the Northwest Community Redevelopment Agency, the City Commission is required to approve the Northwest Community Redevelopment Agency Plan (the “Plan”), as well as any amendments to the plan. This agenda item approves an amendment to the Northwest Community Redevelopment Agency Plan (approved by the CRA Board on October 29th) to:
1. Establish CRA-eligible affordable housing programs for down payment and rental assistance.
2. Establish “Tiny Home” Affordable Housing Program depending on feasibility.
The objective of this proposed amendment is to incorporate specific initiatives to support affordable housing in the northwest community. It should be noted that specific policies or contracts governing the implementation of these initiatives will be brought back to the CRA Board at a future date for consideration and approval.
Origin of request for this action: Staff
Fiscal impact and source of funding: N/A
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