10-31-91-4.17 - Resolution - 10/31/1991RESOLUTION NO. 10-31-91-4.17
A RESOLUTION AUTHORIZING THE MAYOR TO MAKE APPLICATION TO
THE TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS FOR
PARTICIPATION IN THE RENTAL REHABILITATION PROGRAM.
WHEREAS, the City Council has expressed an interest in
rehabilitating older property; and
WHEREAS, The Texas Department of Housing and Community
Affairs has developed a Rental Rehabilitation Program which
provides financial assistance to income property owners for
the rehabilitation of substandard rental property; and
WHEREAS, the Texas Department of Housing and Community
Affairs requires that rehabilitation work assisted through
this program be done on properties in eligible neighborhoods
meeting specified criteria, and that owners of properties so
assisted rent units predominantly to low income tenants for
a period of not less than ten (10) years following such
rehabilitation; and
WHEREAS, the neighborhoods in College Station wherein
according to most recent Census data such assistance may be
, provided, as well as the activity to be assisted, are both
complementary to the City's ongoing Community Development
,,: program; and
WHEREAS, owners of property within eligible neighborhoods in '~
College Station have shown in the recent past an interest in .-I
participating in this program.
NOW THEREFORE, BE IT RESOLVED by the City Council of the
City of College Station that the Mayor is authorized to make
application in the Texas Rental Rehabilitation Program; said
request being in the amount of Two Hundred Fifty Thousand
Dollars ($250,000).
PASSED AND APPROVED this 31st day of October, 1991.
Mayo?- ~a~r