Legislation # 09-0186 Enactment Number none
Type Resolution - Grant Effective Date 5/13/2009
Introduction Date 5/13/2009
Title Resolution Authorizing the Submission of a Grant Application to the Virginia Department of Housing and Community Development for the Neighborhood Stabilization Program.
 
Legislation History 09-0186
DateNotice Of ActionDescription
5/13/2009 Approved
5/4/2009 Received By Clerk's Office
 
View Attachments 09-0186
FileTypeSizeDescription
NSP Maps - Revised 0409.pdf Map 449K NSP Target Area Maps
 
Legislation Text 09-0186

 

City of Hampton, Virginia

Resolution - Grant

22 Lincoln Street

Hampton, VA 23669

www.hampton.gov

 

File Number: 09-0186

 

Enactment Number: -

 

Resolution Authorizing the Submission of a Grant Application to the Virginia Department of Housing and Community Development for the Neighborhood Stabilization Program.

 

WHEREAS, the Neighborhood Stabilization Program (NSP) was authorized under the Housing and Economic Recover Act of 2008 and makes available emergency financial assistance to help states and cities recover from the effects of foreclosures, abandoned properties and declining property values; and

WHEREAS, such funding is provided as a supplemental appropriation under the Community Development Block Grant (CDBG) Program and administered by the Department of Housing and Urban Development (HUD); and

WHEREAS, the City of Hampton is eligible to submit an application for NSP funds through the Virginia Department of Housing and Community Development (DHCD); and

WHEREAS, an application requesting $2.0 million in NSP funds will be submitted to DHCD, with such funding, if approved, being utilized for the purchase and rehabilitation of foreclosed and abandoned properties, to be subsequently made available for purchase and occupancy by families and individuals with incomes up to 120% of the Area Median Income; and

WHEREAS, in conjunction with the requirements that the City target NSP funds to neighborhoods with clusters of foreclosures, census tracts 115, 119, and 120 (referred to as Greater Wythe I and II) and census tract 106.02 (referred to as the Old North Hampton neighborhood) will be designated as target areas where foreclosures will be acquired, rehabilitated and made available for new homeownership opportunities.

NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF HAMPTON, VIRGINIA that the City Manager is authorized to execute all documents required to apply for and receive Neighborhood Stabilization Program funding.

 

Adopted at the regular meeting of the City Council of the City of Hampton, Virginia held on May 13, 2009.

 

 

 

Signed by ____________________________ Date _________________

Molly Joseph Ward, Mayor

 

 

 

 

Attested by ____________________________ Date _________________

Katherine K. Glass

Clerk of the Council