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Regular Village Board meetings are typically held at 7:00 p.m., the first three Tuesdays of each month in Council Chambers of Village Hall (room 201), 123 Madison St. When a Regular Meeting falls on a holiday, the meeting typically is held the following night. The Village Board also meets in special sessions from time to time. However, dates and times of Special Meetings can vary and may change.

File #: RES 25-111    Name: Housing Trust Fund
Type: Resolution Status: Regular Agenda
In control: President and Board of Trustees
On agenda: 1/28/2025 Final action:
Title: Concur with the Housing Programs Advisory Committee's Recommendations and Adopt a Resolution Authorizing the Provision of Conditional Commitment Letters.
Attachments: 1. 1 - Housing Trust Fund application ppt, 2. 2 - Resolution-Interfaith Housing, 3. 3 - Resolution-The Community Builders, 4. 4 - Draft Conditional Commitment Letter Interfaith Housing, 5. 5 - Draft Conditional Commitment Letter TCB, 6. 6 - Interfaith Housing (IHDC) Application with Supporting Documents, 7. 7 - The Community Builders (TCB) Application with Supporting Documents, 8. 8 - The Community Builders Letters of Support, 9. 9 - HPAC (HTF) Project Score Summary
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Title:
title
Concur with the Housing Programs Advisory Committee's Recommendations and Adopt a Resolution Authorizing the Provision of Conditional Commitment Letters.
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Introduction
overview
The Housing Programs Advisory Committee has reviewed two applications for the Housing Trust Fund and is recommending their funding by the Village Board.
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Recommended Action
Staff recommend that the Board concur with the recommendations of the Housing Programs Advisory Committee and provide conditional commitment letters for each of the applications.
Prior Board Action
* RES 24-285 A Resolution Approving the Village of Oak Park's Housing Trust Fund Program Guidelines
* ORD 24-142 Concur with the Plan Commission and Adopt an Ordinance Granting a Special Use Permit for a Major Planned Development Containing a Five-Story Residential Building Consisting of 36 Dwelling Units at the Property Located at 1106 Madison Street
* RES 24-225 A Resolution Approving an Amendment to the Oak Park Residence Corporation Funding Grant Agreement
* RES 24-219 Resolutions Approving Amendments to Housing Forward's Funding Grant Agreements for Affordable Housing Projects
* ORD 24-108 An Ordinance Amending Chapter 12 ("Housing"), Article 7 ("Housing Trust Fund"), Section 12-7-8 ("Source of Funds") and Chapter 23A ("Taxes"), Article 4 ("Hotel/Motel and Transient Occupancy Rental Unit Tax") of the Oak Park Village Code to Adopt a Transient Occupancy Rental Unit Tax Surcharge
* ORD 23-102 Second Reading and Adoption of an Ordinance Establishing the Annual Building and Construction Permit Fees and the Zoning Application Fees of the Village of Oak Park
* ID 23-453 Housing Trust Fund Revenue Source Presentation, as initially reviewed by the Village Board at its February 13, 2023 Study Session
* RES 23-114 Resolutions Awarding Funding Grant Agreements for Affordable Housing Projects Totaling $1,484,000 from the Housing Trust Fund and Authorizing Execution of the Agreement...

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