Posted: October 06, 2023
Rapid City
Agenda Item Summary

Agenda Item Ref. #: LF101123-08

Agenda Item Title:

Authorize Staff to Submit an Application and Approve If Awarded the City of Rapid City’s Application to the US Department of Housing & Urban Development for the Pathways to Removing Obstacles (PRO) Housing Grant

Origination Group:
Legal & Finance Committee
City Council Hearing Date:
Agenda Item Summary:
Grant Amount: TBD – minimum $1,000,000 - maximum $10,000,000 for 6 years

Source of Funding: US Dept. of Housing & Urban Development

Department(s) Impacted: Finance, Community Development, Public Works

Brief Description: Remove barriers to affordable housing by updating, improving, simplifying, and streamlining housing strategies, zoning & land-use policies, and permitting processes as well as creating opportunities to increase the affordable housing stock. Activities must support low- and moderate-income individuals but priority is given to households below 100% median income.

Why it's important for the City: Housing is one of the top issues affecting our community. This funding gives the City the resources to evaluate our current policies and procedures and develop new opportunities to positively address affordable housing as well as create funding opportunities to increase the affordable housing stock in Rapid City.

Fiscal Impact: 0% match. Indirect rate of 10% to cover administrative costs.

Strings: Attorney’s Office confirms no burdensome grant requirements or red flags.

Funding Source & Fiscal Impact (if applicable):

Funding Cost Center
Is Funding Budgeted?:
Not Budgeted


Origination Recommendation Action:

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