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Resolution authorizing the City to enter into a Cooperation Agreement with the Housing Authority of the City of Pittsburgh to Serve as Co-Applicant for the purposes of filing an Application with the U.S. Department of Housing and Urban Development for a Choice Neighborhoods Initiative grant in the amount of thirty million dollars ($30,000,000) and pledging City financial support in the amount of twelve million dollars ($12,000,000) for the project and City Owned Land to Effectuate the Purposes of the Larimer/East Liberty Choice Neighborhood Transformation Plan.
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WHEREAS, the Council has determined that it is in the public interest and to the benefit of the citizens and residents of the City of Pittsburgh (“City”) to provide its leadership as the Co-Applicant of the Choice Neighborhoods Initiative ("CNI") Implementation Grant Application for which the Housing Authority of the City of Pittsburgh (“HACP”) will be the lead applicant;
WHEREAS, one or more Pennsylvania limited partnerships (the "Partnerships") will be created to acquire, construct, and equip one or more multifamily housing projects in Larimer/East Liberty CNI Implementation Grant Application's Transformation Plan, to be located in the Larimer/East Liberty neighborhoods (the "Project");
WHEREAS, the Project will include the use of Community Development Block Grant funds and will require the use of Community Development Block Grant Funds in the amount of $7,272,000 to pay for associated eligible costs related to the Project;
WHEREAS, the Project will include the use of HOME funds and will require the use of HOME Funds in the amount of $1,818,000 to pay for associated eligible costs related to the Project;
WHEREAS, the Project will require Capital Funds from the City in the amount of $2,910,000 to pay for associated eligible costs related to the Project;
WHEREAS, the Council has determined that the City will commit the City-owned vacant properties required for the imple...
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