HomeMy WebLinkAboutResolution 1749A Bes®lutiOn ~dep~~a Resolution i~o,
SUPPORTING THE TARRANT COUNTY HOUSING PARTNERSHIP WITH A
COMMITMENT OF $2,572,000 IN PUBLIC FUNDS
OCTOBER 1, 1991 THROUGH DECEMBER 31, 1993
WHEREAS the Tarrant County Housing Partnership is a new countywide nonprofit housing
organization being created with the goals of revitalizing distressed neighborhoods in
Tarrant County and increasing the amount of decent, affordable housing available
to low- and moderate-income families and individuals with special housing needs;
and,
WHEREAS the Tarrant County Housing Partnership will be working with existing neighborhood
based nonprofit organizations, local housing finance lending institutions, founda-
tions, local corporations, and the county and municipal governments to coordinate
and target the areas with the greatest housing needs; and,
WHEREAS the City of Fort Worth is a municipal government in Tarrant County which has
federal funds available to support housing initiatives for low- and moderate-income
families; and,
on July 2, 1991 the Fort Worth City Council endorsed the goals and objectives of
the Tarrant County Housing Partnership in M&C?C-12944; and,
the Fort Worth City Council further pledged to support the Tarrant County
Housing Partnership with federal funds that are available for housing initiatives for
low- and moderate-income families; and,
the Tarrant County Housing Partnership has come to the Fort Worth City Council
and submitted a total budget of $14;150,000 for activities within the City of Fort
Worth, and explained their need for $2,572,000 from the City of Fort Worth's
federal funds to address housing issues in the city; and,
WHEREAS for every $1.00 of federal funds invested by the City of Fort Worth, the Tarrant
County Housing Partnership intends to provide $5.50 worth of decent and
affordable housing to low- and moderate-income families in Fort Worth.
NOW THEREFORE BE IT RESOLVED:
That the Fort Worth City Council intends to allocate the Tarrant County Housing Partnership a
btal of $2,572,000 in federal funds to be used to address the housing needs of low- and moderate-
income families in Fort Worth over the next twenty-seven months starting October 1, 1991 and
ending December 31, 1993.
APPROVED BY
CITY COUNCIL
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Approved this 1~~day of , 1991.
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