HomeMy WebLinkAbout1993-06-14 93-317 ORDERCOUNCIL ACTION
Date: June 14, 1993 It® No. 93-311
Its/Subject: Authorization to File Application to the Maine State Housing
Authority for Funding Under the Housing Opportunity Zone
Program
Responsible Department: Community and economic Development
Comeentary: The Maine State Housing Authority has a maximunn of $500,000
available for loans and grants under the State funded Housing Opportunity
Zone Program. The funds can be used for housing rehabilitation, assistance
for shelters for the homeless, demolition of structures that are not cost
effective to repair, the creation of recreation and park areas and other
neighborhood improvements. The proposed application requests $500,000 i
funds and would designate the area indicated on the attached map as a
"Housing Opportunity Zone". Funds made available from the Housing
Opportunity Zone Program Would be primarily used to make property
rehabilitation loans to residential property owners and shelter providers in
the Housing Opportunity Zone following and under the same eligibility
criteria established in the Policies and Procedures of the City's Community
Development Residential Rehabilitation Loan Program approved by the City
Council. With future City Council approval, there is also the possibility of
using some of the funds to acquire and/or demolish two to three vacant
residential structures in the Zone that have been condemned and/or placarded
by the City. The Housing Opportunity Zone Program funds would thus
supplement other loan and public facility improvement activities
in the Zone.
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Manager's Cosumnts:
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Citv Manager
Associated Information: Q44[JAd ,aVp
Finance Director
Legal Approval:
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Int;opuced For
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_ First Reading Pege_of
_ Referral
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93-31]
Assigned to Cauncgm Blanchette, June 14, 1993
CITY OF BANGOR
(TITLE.) (Ora¢ra. Aulorixatiom...to-- File —Application .... to. the Maine State
Housing Authority for Funding Under the Housing
Opportunity Zone Program
BY the City CmamQ of Be CRY ofBaaaar:
ORDERED,
TEAT
WHEREAS, The Housing Opportunity Zone Program was created by the
Affordable Housing Partnership Act of 1989 to assist municipalities
in their efforts to restore deteriorating urban neighborhoods; and
WHEREAS, Municipalities with an urban area experiencing
significant deterioration in residential neighborhoods and have a
local or regional housing alliance are eligible to apply for
program funds;
NOW, THEREFORE, BE IT ORDERED THAT: the City Council of the City of
Bangor, as the local governing body, hereby authorizes and directs
the City Manager to have prepared, sign and submit to the Maine
State Housing Authority an Application for funding under the
Housing Opportunity zone Program, a copy of which is on file in the
Office of the City Clerk; to provide such additional information
and furnish such documents as may be required by the Maine State
Housing Authority; to execute such contract or contracts as my be
necessary for Housing Opportunity Zone Program funds to be
received; and to execute and file requisitions for funds.
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93-31]
ORDER
IN CITY COUNCIL
Tune 14, 1993
Title,
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AvcM1opiei, f co. File ApFllesHou [othe
CLiOJCLERK
Maine Stele Housing Authority for Funding
Under the Nvvalvg Op Or[uvft Zave Pxogxam
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AteWua to
Counui3man
93-30
HOUSING OPPORTUNITY ZONE
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