46-09 MURAL Program - Laserfiche WebLink

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PLACED ON 1~ READING & REFERRED TO THE HOUSING COMMITTEE 4/20/09, 2ND READING 5/4/09. Ordinance No. 46-09 BY: Antonio, Bullock, Butler, Dever, Madigan, Powers, Summers. AN ORDINANCE authorizing the Mayor to enter into an agreement with the Cuyahoga County Housing Consortium for the Lakewood Mixed Use Rental Assistance Program "MURAL" Program to be funded with HOME Program funds. WHEREAS, the Cuyahoga Housing Consortium has been designated by the U.S. Department of Housing and Urban Development (HUD) as a grantee of funds under HUD's Home Investment Partnership Program "HOME"; and WHEREAS, the City is a member of the Consortium and as such has been granted funds to assist promote affordable housing opportunities to low and moderate income households; and WHEREAS, the Cuyahoga Housing Consortium approved at its March 11, 2009, board meeting the use of $200,000 of HOME Program funds for an amended MURAL contract; and WHEREAS, the City has over 70 buildings with a storefront on the first floor with housing above it; and WHEREAS, occupancy of these residential units tends to be by low to moderate means; and WHEREAS, the Lakewood MURAL Program expands the current Storefront Renovation Program by allowing a subsidy to renovate the interior of the rental units located above commercial spaces. Now, Therefore, BE IT ORDAINED BY THE CITY OF LAKEWOOD, STATE OF OHIO Section 1. That the Mayor of the City of Lakewood is hereby authorized to enter into an agreement in an amount not to exceed $200,000 with the Cuyahoga Housing Consortium for the Lakewood Mixed Use Rental Assistance Program "MURAL Program" to be funded with HOME Program funds.