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 18-967    Name:
Type: Resolution Status: Passed
In control: President and Board of Trustees
On agenda: 9/4/2018 Final action: 9/4/2018
Title: A Resolution Approving a Funding Grant Agreement between the Village of Oak Park and Housing Forward in the Amount of $268,108 for the Operation of an Interim Housing Program Located at 324 North Austin Boulevard and Authorizing Its Execution
Attachments: 1. Resolution, 2. Housing Forward Interim Housing Program 2018 Agreement, 3. Exhibit 1 - Funding (CORRECTED), 4. Exhibit 2 Interim Housing Program Scope of Services, 5. Exhibit 3 Addendum, 6. Interim Housing VOP budget_final
Submitted By
Tammie Grossman, Director of Development Customer Services

Reviewed By
LKS

Agenda Item Title
Title
A Resolution Approving a Funding Grant Agreement between the Village of Oak Park and Housing Forward in the Amount of $268,108 for the Operation of an Interim Housing Program Located at 324 North Austin Boulevard and Authorizing Its Execution

End
Overview
Overview
At the September 25, 2017 Special Meeting the Village Board directed staff to issue a Request for Proposals (RFP) for projects to create or retain affordable housing options in the community utilizing funds held in the Village's affordable housing funds. On July 30, 2018, the Village Board approved the funding recommendations made by staff and the Housing Programs Committee (HPAC). This matter is to approve a funding grant agreement between the Village of Oak Park and Housing Forward, Inc. to create and operate an Interim Housing Program located at 324 N. Austin, Oak Park, Illinois.

Body
Staff Recommendation
Approve the Resolution

Fiscal Impact
The Village holds approximately $1,200,000, with an additional $210,000 to be deposited upon closing of certain other Village owned parcels, in an affordable housing fund awaiting approval for distribution to appropriate affordable housing projects/programs.

Background
The Village holds approximately $1,200,000, with an additional $210,000 to be deposited upon closing of certain other Village owned parcels, in an affordable housing fund awaiting approval for distribution to appropriate affordable housing projects/programs. The Funds were received as compensating benefits from residential and mixed-use land developers through a negotiated process associated with either a redevelopment agreement or planned development application, or both, in an effort to support affordable housing projects or programs. At the September 25, 2017 Special Meeting, the Village Board directed staff to issue a RFP for projects to create or retain affordable ho...

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