Presenter
Presented by Ms. Carlisle
Title
Resolution authorizing a Cooperation Agreement or Agreements with the Urban Redevelopment Authority of Pittsburgh designating URA as the City's agent for administration of the 2006-2007 HOME Investments Partnership Program and the American Dream Downpayment Initiative Program. (Council Districts: All)
Body
Whereas, the U.S. Department of Housing and Urban Development ("HUD") has awarded the City a total of $7,161,363 in HOME Investment Partnership Program ("HOME") funds, consisting of $3,593,831 for FY 2006 AND $3,567,532 for FY 2007; and
Whereas, HUD has also awarded the City a total of $107,706 in American Downpayment Initiative Program ('ADDI") funds, consisting of $53,853 for FY 2006 and $53,853 for FY 2007; and
Whereas, the City has submitted a program description to HUD designating the Authority as its agent for implementation of the HOME and ADDI programs (the "Programs"); and
Whereas, the City wishes to designate Urban Redevelopment Authority of Pittsburgh ("URA") as its agent to administer the Programs;
Be it resolved by the Council of the City of Pittsburgh as follows:
Section 1. The Mayor and the Director of the Department of City Planning are hereby authorized to enter into a Cooperation Agreement or Agreements with URA, in form approved by the City Solicitor, designating URA as the City's agent for administration of the Programs, authorizing URA to draw down funds directly from HUD and requiring URA to comply with all applicable provisions of 24 CFR Part 92.