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A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF POMPANO BEACH, FLORIDA, APPROVING AND AUTHORIZING THE PROPER CITY OFFICIALS TO EXECUTE A COMMUNITY HOUSING DEVELOPMENT ORGANIZATIONS (CHDO) AGREEMENT BETWEEN THE CITY OF POMPANO BEACH AND BROWARD COUNTY HABITAT COMMUNITY HOUSING DEVELOPMENT CORPORATION, PROVIDING FOR THE FUNDING AND ADMINISTRATION OF HOME INVESTMENT PARTNERSHIPS PROGRAM PROJECTS; PROVIDING AN EFFECTIVE DATE.
(Fiscal Impact: $200,000 HOME Grant Funding)
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(Staff Contact: Alex Goldstein)
summary
Summary Explanation/Background:
Habitat for Humanity of Broward (Habitat Broward), a 501(c)(3) nonprofit housing provider will leverage private and public resources to construct 12 new single-family homes along NW 27th Avenue that are affordable to low-income (LI) working families who reside in Broward County, FL. The Habitat model combines home construction with 0%-interest rate mortgage financing, closing cost assistance and education to put qualifying families on the path to economic security and a higher quality of life as first-time homeowners. The $200,000 awarded by the City, consistent with its Annual Action Plan, will be evenly divided in the amount of Fifty Thousand Dollars ($50,000.00) and used for the construction of four (4) of the twelve homes. Habitat for Humanity agrees to build energy-efficient 4-bedroom, 2-bathroom homes of approximately 1,300 sq. ft.
The homes to be constructed as part of the project will be built along Northwest 27th Avenue between NW 1st Street and NW 6th Street, specifically, on the following lots:
1. 2662 NW 6th Street, Pompano Beach, FL 33069
2. 2656 NW 6th Street, Pompano Beach, FL 33069
3. 450 NW 27th Avenue, Pompano Beach, FL 33069
4. 2701 NW 4th Court, Pompano Beach, FL 33069
Origin of request for this action: OHUI
Fiscal impact and source of funding: $200,000 HOME Grant Funding
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