HomeMy WebLinkAboutResolution 140 50 I�3
RESOLUTION FlLC N :
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R E S O L U T I O N
WHEREAS, there is an established need for the construction of
housing for medium and low income citizens of the State of Texas; and,
WHEREAS, there is a need to preserve and rehabilitate much of
the present housing stock; and,
WHEREAS, there exists an uncertainty of future federal roles in
low-cost housing production and rehabilitation, and as a result of this
uncertainty there is a critical need for the State of Texas to develop
programs of financial assistance for local housing programs: NOW,
THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH:
That this body recommends support and endorsement of the
,.� proposed legislation establishing the Texas Rehabilitation Loan Fund
(S.B. 800 & H.B. 1483) providing for the creation of an indemnification
fund guaranteeing bank loans for any loss above seventy-five per cent
of the market value of the property being repaired, and for direct low
interest loans to home owners who have an income that is adequate and
have an acceptable credit standing and for financing, and for research
and education on home maintenance, and for vocational training in
housing rehabilitation.
AND BE IT FURTHER RESOLVED:
That the City Council further recommend support and endorsement
of S.B. 469 and H.B. 966.
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