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:
10/16/2023
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.
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
Recommendations:
Origination Recommendation Action:
Approve