title
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF POMPANO BEACH, FLORIDA, APPROVING AND AUTHORIZING THE PROPER CITY OFFICIALS TO EXECUTE A CHDO AGREEMENT BETWEEN THE CITY OF POMPANO BEACH AND SET FREE COALITION OUTREACH PROGRAMS, INC, PROVIDING FOR THE FUNDING AND ADMINISTRATION OF HOME INVESTMENT PARTNERSHIPS PROGRAM PROJECTS; PROVIDING AN EFFECTIVE DATE.
(Fiscal Impact: CHDO HOME Program - $125,000)
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(Staff Contact: Mark Korman)
summary
Summary Explanation/Background:
This Resolution authorizes the City to enter into a CHDO Agreement with Set Free Coalition, Inc. (“Set Free”). Using HOME CHDO (Community Housing Development Organization) funds purposely accumulated by OHUI over three separate funding years, Set Free will build a new home in Pompano Beach for a low/moderate income household on a lot that the CRA donated to it for that purpose.
Origin of request for this action: Office of Housing and Urban Improvement
Fiscal impact and source of funding: CHDO HOME Program - $125,000
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RStrategic Plan Initiative
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strategicplan_description_field
5.1-Neighborhood Improvement