HomeMy WebLinkAboutResolution 259 RESOLUTION FILE NO.
R E S O L U T I ON
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 hous-
ing 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 creation of a Texas Housing
Finance Agency and Neighborhood Preservation Loan Fund as prescribed
in a report from the Governor's Special Advisory Council on Housing,
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 endorse-
ment of Texas Housing Finance Agency and Neighborhood Preservation Loan
Fund.
' e ,ede�il
TX