Title
Resolution to Accept and Appropriate an Increase in Grant Funds from the Michigan State Housing Development Authority for Neighborhood Stabilization Program for Demolition of Blighted Properties ($96,000) (8 Votes Required)
Memorandum
Attached for your review and approval is a resolution to accept a grant for $96,000 from the Michigan State Housing Development Authority (MSHDA) for Neighborhood Stabilization Program (NSP) funds, and allocate funds to support demolition of blighted properties in the City of Ann Arbor.
The City of Ann Arbor was previously allocated $850,000 from NSP. These funds are a special Community Development Block Grant (CDBG) allocation. In late 2012, MSHDA announced the opportunity for existing grantees to apply for unallocated NSP funds. The Washtenaw County Office of Community and Economic Development and the City’s Community Services Area submitted a request that resulted in an additional $96,000 in funds to support demolition of blighted properties in the City of Ann Arbor, targeted to support the removal of 700-724 N. Main. This increase in grant funds brings the total NSP award to $946,000, the majority of which has already been expended.
This increase in funding requires update to the proposed budget for the grant which is proposed as follows:
Redevelop Abandoned/Foreclosed Residential Properties $738,142
Demolition of Blighted Structures $122,858
Administration $85,000
TOTAL $946,000
The City of Ann Arbor must complete NSP activities by March 15, 2013. This additional funding of $96,000 can only be used for the demolition of structures at 700-724 North Main. Furthermore, MSHDA may make additional money available to fund this demolition project, if necessary. Given the timing of any additional funding, the resolution includes authorization for the City Administrator to accept and appropriate any additional grant funds.
Attachment: City of Ann Arbor NSP Target Block Groups Map
Staff
Prepared by: Brett Lenart, Housing...
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