Agenda Item Title:
Approve Resolution No. 2024-078, a Resolution in Support of the City of Rapid City’s Application to the HUD “Pathways to Removing Obstacles Housing” Grant and Commitment to Providing City Infrastructure Funding to Support the Project
Origination Group:
Legal & Finance Committee
Origination Meeting Date:
10/02/2024
City Council Hearing Date:
10/07/2024
Petitioner:
Finance Department
Staff Contact:
Jamie Toennies
Location:
Council Chambers
Agenda Item Summary:
Grant Amount: $7 Million over 6 years
Department(s) Impacted: Community Development, Public Works, Finance, & Partners
Brief Description: This grant will help the city and its partners identify and remove barriers to affordable housing. It represents a collaborative approach with multiple partners, departments, and stakeholders. The project will 1) build capacity for the creation and preservation of affordable housing, 2) create buy-in with the community and stakeholders, 3) identify best practices for policy and procedure improvements, 4) preserve the city’s aging housing stock, 4) lead to the creation of new affordable housing, and 5) improve dilapidated infrastructure. Efforts are focused in the Robbinsdale neighborhood but are designed to be replicable in other neighborhoods.
Why It Is Important for the City: Housing is a key issue impacting our residents. This grant will bring additional resources to the table to help the city and our partners identify and implement long-term solutions to address the situation.
Fiscal Impact: The City has already committed over $30 million CIP funding for infrastructure improvements in the Robbinsdale neighborhood. These will be used as leverage to show the city’s commitment to revitalizing the neighborhood, as noted in the resolution. The grant will pay for a percentage of six current staff’s time (planners, engineers, TIF, CDBG). There are two new positions that will be paid for by the grant – Grant Project Manager and Projects Planner. Once the grant is finished (Sept. 2030) these positions would take on other duties. Other grant funding includes $2.5M for affordable housing preservation loans (which would be self-sustained after the grant), $700K for additional infrastructure improvements, and $250K to complete a study of best practices throughout the Mid-west to streamline and reduce housing costs to help catalyze future affordable housing developments.
Strings: HUD reporting requirements
Department(s) Impacted: Community Development, Public Works, Finance, & Partners
Brief Description: This grant will help the city and its partners identify and remove barriers to affordable housing. It represents a collaborative approach with multiple partners, departments, and stakeholders. The project will 1) build capacity for the creation and preservation of affordable housing, 2) create buy-in with the community and stakeholders, 3) identify best practices for policy and procedure improvements, 4) preserve the city’s aging housing stock, 4) lead to the creation of new affordable housing, and 5) improve dilapidated infrastructure. Efforts are focused in the Robbinsdale neighborhood but are designed to be replicable in other neighborhoods.
Why It Is Important for the City: Housing is a key issue impacting our residents. This grant will bring additional resources to the table to help the city and our partners identify and implement long-term solutions to address the situation.
Fiscal Impact: The City has already committed over $30 million CIP funding for infrastructure improvements in the Robbinsdale neighborhood. These will be used as leverage to show the city’s commitment to revitalizing the neighborhood, as noted in the resolution. The grant will pay for a percentage of six current staff’s time (planners, engineers, TIF, CDBG). There are two new positions that will be paid for by the grant – Grant Project Manager and Projects Planner. Once the grant is finished (Sept. 2030) these positions would take on other duties. Other grant funding includes $2.5M for affordable housing preservation loans (which would be self-sustained after the grant), $700K for additional infrastructure improvements, and $250K to complete a study of best practices throughout the Mid-west to streamline and reduce housing costs to help catalyze future affordable housing developments.
Strings: HUD reporting requirements
Funding Source & Fiscal Impact (if applicable):
| Funding | Cost Center |
|---|---|
| CIP Streets 8910 | 5050 |
| Sewer Replacement 0833 | 6040 |
| Water Replacement 0933 | Water Replacement 0933 6020 |
| CIP Drainage 8911 | 5050 |
Is Funding Budgeted?:
Budgeted
Recommendations:
Origination Recommendation Action:
Approve