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HomeMy WebLinkAbout~Master - Amendment to guidelines for Housing for Sustainable Neighborhoods project RESOLUTION NO. 07-134 RESOLUTION APPROVING AMENDMENT TO PROGRAM GUIDELINES IN CONNECTION WITH THE HOUSING FOR SUSTAINABLE NEIGHBORHOODS PROJECT FOR THE CITY OF AMES WHEREAS, at the 2004/05 budget wrap-up meeting, the Council allocated $25,000 on a matching-fund basis to Housing for Sustainable Neighborhoods, Inc.; and, WHEREAS, Housing for Sustainable Neighborhoods is a non-profit organization dedicated to maintaining diverse, family-friendly neighborhoods around the Iowa State University campus (South Campus, State Avenue, Westside, and Oakwood Forest Neighborhoods); and, WHEREAS, program guidelines have been established and approved by the City Council to dictate how City funds will be used to help with program start-up and implementation; and, WHEREAS,Housing for Sustainable Neighborhoods has asked that the guidelines be amended to increase the program income limits from 100%to 110% and purchase price limits from$135,000 to $150,000; and, WHEREAS, these changes would allow the program to attract more eligible applicants to participate in their program. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa, that the above-referenced amendments to the program guidelines in connection with the Housing for Sustainable Neighborhoods project are hereby approved. ADOPTED THIS 27th day of March, 2007. C�A�?. Ly-d& A. "V. Diane R. Voss, City Clerk Ann H. Campbell, Mayor Introduced by: Popken Seconded by: Doll Voting aye: Doll, Goodman, Mahayni, Popken, Rice Voting nay: None Absent: Larson Resolution declared adopted and signed by the Mayor this 27t1i day of March, 2007.