Submitted By
Tammie Grossman, Director of Development Customer Services
Reviewed By
A.M. Zayyad, Deputy Village Manager
Agenda Item Title
Title
Resolutions Awarding Multi-Family Housing Incentives Grants and Authorizing the Execution of Marketing Services Agreements
1. MSA 2301-G with $8,047.33 grant
2. MSA 2302-G with $10,000 grant
3. MSA 2303-G with $10,000 grant
4. MSA 2304-G with $9,366.67 grant
5. MSA 2306-G with $2,240 grant
6. MSA 2308-G with $6,630.67 grant
7. MSA 2309-G with $3,392.24 grant
8. MSA 2310-G with $10,000 grant
9. MSA 2312-G with $10,000 grant
10. MSA 2313-G with $10,000 grant
11. MSA 2314-G with $10,000 grant
12. MSA 2315-G with $9,533.33 grant
13. MSA 2316-G with $10,000 grant
14. MSA 2317-G with $10,000 grant
15. MSA 2318-G with $10,000 grant
16. MSA 2319-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.
End
Recommendation
Recommendation
Adopt the Resolution.
Body
Staff Recommendation
Adopt the Resolution.
Fiscal Impact
These grants total $139,210.57, which will commit the majority of the FY2023 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; (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-ready within a participating building; and (3) Marketing Services whereby the Oak Park Regional Housing Center affirmatively markets their units.
On December 12, 2022, the Village issued a Request for Applications to all owners of multi-family buildings to apply for the grants and/or Marketing Services Agreements of the program. On April 25, 2023, the Housing Programs Advisory Committee (HPAC) reviewed the submitted applications.
Attachments for each grant include a note, mortgage, and agreement with appendices. Each building will be inspected and owners will be required to address all violations before the final payout.
Alternatives
The Board may choose to review the resolutions again at a ‘second reading’ or not approve the resolutions. Not approving the resolutions would mean foregoing the grant program in 2023.
Previous Board Action
The program guidelines were adopted by the Village of Oak Park Board of Trustees on February 2, 2009, and amended on March 16, 2009, October 18, 2010, December 5, 2011, September 21, 2015, and March 18, 2019, to further define the provisions of the Village Ordinance enacting the Multi-Family Housing Incentives Program and to provide guidance to staff in administering the program.
Citizen Advisory Commission Action
All loan and grant requests are reviewed by the Housing Programs Advisory Committee (HPAC) before they are presented for Board approval. These requests were reviewed by HPAC on April 25, 2023, and recommended for approval.
Anticipated Future Actions/Commitments
N/A
Intergovernmental Cooperation Opportunities
N/A