Submitted By
Tammie Grossman, Director of Development Customer Services
Reviewed By
LKS
Agenda Item Title
Title
Resolutions Awarding Multi Family Housing Incentives Grants and Authorizing the Execution of Marketing Services Agreements
1. MSA 1701-G with $10,000 grant
2. MSA 1703-G with $10,000 grant
3. MSA 1705-G with $5,000 grant
4. MSA 1706-G with $10,000 grant
5. MSA 1707-G with $10,000 grant
6. MSA 1710-G with $5,000 grant
7. MSA 1712-G with $10,000 grant
8. MSA 1713-G with $10,000 grant
9. MSA 1715-G with $10,000 grant
10. MSA 1716-G with $10,000 grant
11. MSA 1717-G with $10,000 grant
12. MSA 1719-G with $10,000 grant
13. MSA 1720-G with $10,000 grant
14. MSA 1722-G with $10,000 grant
15. MSA 1723-G with $10,000 grant
16. MSA 1724-G with $10,000 grant
End
Overview
Overview
These resolutions would approve funding for sixteen (16) Multi-Family Incentives Grants and authorize the execution of 3-year marketing services agreements to support each one.
Body
Staff Recommendation
Approve the resolution.
Fiscal Impact
These grants totaling $150,000 will commit the entire FY2016 budget for this type of grant, which is $150,000. This program was budgeted under the General Fund, account no. 1001-46206-300-585612.
Background
The Development Customer Services Department administers the Multi-family Housing Incentives Program, which was established by Ordinance in 1984. The program is open to multi-family buildings with four or more units. The program has two major purposes: (1) to upgrade the physical conditions of multi-family buildings; and (2) to expand the housing choices of renters to encourage diversity. The program has three different types of assistance: (1) Grants of up to $10,000 for building or unit improvements; (2) Rental Reimbursement payments for vacant units certified by the Housing and CDBG Programs Division and the Oak Park Regional
Housing Center as market re...
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