Laserfiche WebLink
<br />6.1C <br />Page 2 <br /> <br /> <br />HOME Investment Partnership funds are exclusively targeted for the use of acquisition, <br />rehabilitation, or new construction of affordable housing for low income residents. One <br />activity will receive HOME funding in the amount of $48,281. <br /> <br />The agreement for ShelterNetwo~s Redwood Family House is funded jointly from COSG <br />and the General Fund. This General Fund allocation of $40,000.00 was approved by the <br />City Council in the adoption of the City's FY 2006/07 Budget on July 10, 2006. <br /> <br />Fiscal Impact <br />The total cost of these programs is $374,994.50. CDBG funds will pay $286,713.50; <br />approximately $48,281.00 will be paid from HOME funds and the remaining $40,000.00 for <br />these programs will be paid from the City's General Fund ,as previously approved in the <br />City's Fiscal Year 2006/07 budget. <br /> <br /> <br /> <br />~~. <br />I' .". .,' <br /> <br /> <br />Peter Ingram Y Ed erelt m <br />Community Development City Manager <br />Director <br /> <br /> <br />Attachment <br />List of organizations funded and contract amounts <br /> <br /> <br />Copies of the funding agreements referenced in this report are available for review in the <br />Office of the City Clerk. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />c <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />REDEVSHARED_2006 STAFF REPORTS_CDBG Funding Agreements 2 <br />