Printer Friendly Version
RESOLUTION NO. 091023, AS AMENDED
Accepting
the recommendations of the Housing Committee for the Low Income Housing Tax
Credit projects to be recommended to the Missouri Housing Development
Commission (MHDC) which are prioritized in Appendix A and authorizing the Mayor
to send a letter to MHDC of prioritized projects requesting Low Income Housing
Tax Credits and a letter detailing the prioritization process from the Housing
Committee.
WHEREAS, MHDC allocates federal and state tax credits
through its Low Income Housing Tax Credit Program to investors for the
construction, acquisition and/or substantial rehabilitation of affordable
housing; and
WHEREAS, as part of its process of funding
allocation, MHDC requests that the City, through the Office of the Mayor,
provide a prioritization list of the projects supported by the Mayor and
Council; and
WHEREAS, the Housing Committee has
reviewed the project applications for Low Income Housing Tax Credits and has
recommended the prioritization of the projects noted in Appendix A; NOW,
THEREFORE,
BE IT RESOLVED BY THE COUNCIL OF KANSAS CITY:
Section 1. That the Council hereby
accepts the recommendations of the Housing Committee for the Low Income Housing
Tax Credit projects to be recommended to the Missouri Housing Development
Commission (MHDC), which are prioritized in Appendix A.
Section 2. That the Mayor is authorized
to send a letter to MHDC of prioritized projects requesting Low Income Housing
Tax Credits and a letter detailing the prioritization process from the Housing
Committee.
_____________________________________________