Title
Resolution Authorizing a Match Grant of up to $250,000 for the Greensboro Housing Hub Contingent Upon the Receipt of FY 17-18 Federal Housing Funds
Body
Department: Executive
Council District: 2
Public Hearing: n/a
Advertising Date/By: n/a
Contact 1 and Phone: Barbara Harris, Ext. 2002
Contact 2 and Phone: Betsey Richardson, Ext. 2397
PURPOSE:
To provide a match of up to $250,000 for the Greensboro Housing Hub contingent upon the receipt of Federal funds.
BACKGROUND:
At the May 31, 2017 City Council work session Dr. Maria Hanlin, CEO of Habitat for Humanity Greater Greensboro made a presentation outlining the collaboration (called the Greensboro Housing Hub) between Community Housing Solutions, Greensboro Housing Coalition, Housing Consultants Group, Habitat for Humanity, Partnership Homes and Tiny Homes Greensboro for a one-stop shop to provide a central location for nonprofit housing services. The Greensboro Housing Hub is currently proposing to lease and upfit the Triton Building located at 1031 Summit Avenue to serve as shared office space for the nonprofit housing provider members. The facility has 113 parking spaces, a bus stop in front of the building and is in a central location that creates synergy and collaboration between affordable housing related agencies. The project will serve as a unified approach to assist those needing housing services ranging from homelessness to home ownership.
The proposed upfit costs are estimated to be $481,200 and the Community Foundation has agreed to raise up to $250,000 in private donations for every dollar invested in public funds. At the May 31, 2017 work session it was the consensus of City Council to provide a match of up to $250,000 for building upfit for the Greensboro Housing Hub, contingent upon the receipt of FY 17-18 federal housing funds.
BUDGET IMPACT:
A budget adjustment of up to $250,000 (Community Development Block Grant [CDBG] funds) will be requested at a future meeting once the FY...
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