Appropriating $50,000.00 Community Development Block Grant Fund

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ORDINANCE NO. ( q&3 -78! AN ORDINANCE APPROPRIATING $50,000.00 FROM THE COMMUNITY DEVELOPMENT BLOCK GRANT FUND, FOR REHABILITATION ACTIVITIES TO BE ADMINISTERED BY THE CITY OF SOUTH BEND THROUGH ITS DIVISION OF COMMUNITY DEVELOPMENT AND SOUTHOLD HERITAGE FOUNDATION. STATEMENT OF PURPOSE AND INTENT: The City of South Bend, in creative and affirmative partnership with city residents, private enterprise, and the Federal Government, is committed to the national housing goal of "a decent home and a suitable living environment" for all persons. In attempting to achieve this goal, the City of South Bend has developed programs to assist non - profit groups to rehabilitate residential properties within the neighborhood strategy areas. Community Development Block Grant funds therefore, will be utilized by Southold Heritage Foundation to rehabilitate housing units. This activity will serve to assist low -and moderate - income families to occupy standard housing in the West Washington Historic District and the Near West Side. NOW, THEREFORE, BE IT ORDAINED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The sum of $50,000.00 is hereby appropriated for the aforementioned purpose for the program year starting July 7, 1978 from the City of South Bend's Community Development Block Grant Fund (Program Year 1978). This appropriation will be administered as set forth below: PROGRAM CD -78 -109 COMMUNITY DEVELOPMENT PROGRAM PURPOSE Personnel Costs Revolving Loan Fund TOTAL: AMOUNT $26,000.00 24,000.00 $50,000.00 SECTION II. This ordinance shall be in full force and effect from and after its passage by the Common Council and approval by the Mayor.