Appropriating $450,000.00 Community Develpment Block Grant Fund Project Rehabilitation Grants

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BILL NO. ORDINANCE NO. e,179 -i7 AN ORDINANCE APPROPRIATING $450,000.00 FROM THE COMMUNITY DEVELOPMENT BLOCK GRANT FUND, FOR PROJECT REHABILITATION GRANTS, TO BE ADMINISTERED BY THE CITY OF SOUTH BEND THROUGH ITS DEPARTMENT OF HUMAN RESOURCES /DIVISION OF COMMUNITY DEVELOPMENT AND THE BUILDING DEPARTMENT /BUREAU OF HOUSING. 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 has developed programs to financially assit low- and moderate - income persons in their effort to acquire and /or maintain safe, adequate, and affordable housing through the provision of services, loans, and /or grants. There are thousands of housing units in the City which are substandard and require $5,000 to $9,000 investment to meet the minimum housing code. Most households occupying these units have an inadequate income to effectuate rehabilitation and already pay a disproportionate share of their income for low quality housing service. Therefore, CDBG funds will be utilized by the Bureau of Housing to make housing rehabilitation grants to eligible low- and moderate - income persons. NOW, THEREFORE, BE IT ORDAINED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The sum of $450,000.00 is hereby appropriated for the program year starting July 7, 1977 from the City of South Bend's Community Development Block Grant Fund (Program Year 1977). The appropriation shall be used within the boundaries of the Community Development "target area" as approved by the United States Department of Housing and Urban Development under Title Twenty -Four (24), Code of Federal Regulations, Part Five Hundred and Seventy (570) for the Community Development Program Year 1977. The appropriation shall be administered by the Division of Community Development and the Building Department /Bureau of Housing and will be administered as set forth below: PROGRAM -CD -77 -102 COMMUNITY DEVELOPMENT PROGRAM PURPOSE AMOUNT Housing Rehabilitation Grants $450,000.00 ECTION II. This ordinance shall be in full force and effect frdWF#if# �trfter its passage by the Common Council and approved by the Mayor. Ar,s�%..D f TCPL irk , In SDBa�mOn JJ )TN BEND, IND. `st READING 4� - 1!C HEARING 7 i/- D2 READING NOT APPROVED REFERRED PASSED r ouncil Isigned only to Provide an pportun9.:. - -_'cr r ,'Ilic discussion and CounoSl ac;;z_.: on issue.