RESOLUTION NO. RS2004-141

A resolution approving the appropriation of $2,000,000 of income from the Capitol Mall Urban Development Action Grant (UDAG) to the Metropolitan Development and Housing Agency for the John Henry Hale HOPE VI affordable housing program.

Whereas, by Ordinance No. 090-112, the Metropolitan Council allotted in equal proportions payments received in connection with the Capitol Mall Urban Development Action Grant (UDAG) to two activities, affordable housing and economic development, all to be of direct benefit to the residents of the UDAG Pocket of Poverty in accordance with federal regulations; and

Whereas, the Metropolitan Development and Housing Agency is applying to the U.S. Department of Housing and Urban Development for $20 million in HOPE VI funds to carry out an affordable housing initiative at John Henry Hale Homes housing development; and

Whereas, the commitment of UDAG repayment funds and other public and private funds as leverage for the HOPE VI funds is critical to the competitive success of the application; and

Whereas, the federally funded HOPE VI program meets the requirements of the UDAG Pocket of Poverty definitions and would substantially multiply the impact of the UDAG funds working along;

NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY:

SECTION 1. That $2,000,000 in Urban Development Action Grant repayments be allocated to the Metropolitan Development and Housing Agency to be utilized for the John Henry Hale HOPE VI affordable housing program.

SECTION 2. That the allocation of funds described in Section 1. shall be null and void if the U.S. Department of Housing and Urban Development does not approve the application for HOPE VI funds for John Henry Hale Homes by December 31, 2004.

SECTION 3. That this resolution shall take effect from and after its passage, the welfare of the Metropolitan Government of Nashville and Davidson County requiring it.

Sponsored by: Ludye Wallace

LEGISLATIVE HISTORY
Referred to:	Federal Grants Review Committee
Introduced:	January 20, 2004
Adopted:	January 20, 2004
Approved:	January 21, 2004
By: