Affordable Housing HOME Funds

At a glance

What: Federal HOME and CDBG funds committed to affordable housing: 30 rental units for families at Parkside Cottages, two Habitat for Humanity lots on Lake Drive NW, and a CHDO operating agreement for a house on Olson Street NW.
Where it stands: All approved 5-0. The Parkside Cottages commitment is contingent on a Low-Income Housing Tax Credit allocation from the Alabama Housing Finance Authority.
Also: Modification No. 2 to the Boys & Girls Clubs of North Alabama CDBG public facilities agreement (Resolution 25-1020) passed 5-0 on December 18.

December 18: Resolution 25-1019 (Parkside Cottages, LLC, 30 units): Meredith moved, Little seconded; 5-0. Resolution 25-1020 (Boys & Girls Clubs): Little moved, Meredith seconded; 5-0. Joy Johnson spoke on several of these items.
December 4: Resolutions 25-970 and 25-971 (Habitat for Humanity of the River Valley, Lake Drive NW) approved on consent. A Habitat partnership speaker appeared in second roster comment.
November 20: Resolution 25-930 (Family Services Center, Inc. as CHDO, operating expenses for affordable housing on Olson Street NW) approved on consent.
Dollar amounts appear only in attachments.

Parkside Cottages HOME commitment (25-1019) and Boys & Girls Clubs CDBG modification (25-1020) approved 5-0.

Habitat for Humanity Lake Drive HOME agreements approved on consent.

CHDO HOME operating-expense agreement for Olson Street NW approved on consent.