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Legislation #: 960696 Introduction Date: 5/30/1996
Type: Resolution Effective Date: 8/22/1996
Sponsor: COUNCILMEMBER BACCHUS
Title: Stating the Council's desire for establishment and implementation of a new single lending organization under the HDCIC Charter; establishing the Housing Lending Organization Development Committee and appointing certain members; and directing said Committee to make certain reviews.

Legislation History
DateMinutesDescription
5/31/1996

Referred Planning, Zoning & Economic Development Committee

5/30/1996

Referred Planning, Zoning & Economic Development Committee

6/5/1996

Hold On Agenda

6/19/1996

Hold On Agenda

7/10/1996

Hold On Agenda

7/17/1996

Hold On Agenda

7/24/1996

Hold On Agenda

7/31/1996

Hold On Agenda

8/7/1996

Hold On Agenda

8/14/1996

Hold On Agenda

8/21/1996

Immediate Adoption as a Committee Substitute

8/22/1996

Adopted as Substituted


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COMMITTEE SUBSTITUTE FOR RESOLUTION NO. 960696

 

Stating the Council's desire for establishment and implementation of a new single lending organization under the HDCIC Charter; establishing the Housing Lending Organization Development Committee and appointing certain members; and directing said Committee to make certain reviews.

 

WHEREAS, the City actively encourages and supports homeownership by funding various programs, projects and organizations; and

 

WHEREAS, the City strives to make housing development and redevelopment as cost effective as possible; and

 

WHEREAS, the City is currently experiencing reductions in federal funding for the Community Development Block Grant Program; NOW, THEREFORE,

 

BE IT RESOLVED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the Council desires that a new single lending organization under the Charter of the Housing Development Corporation and Information Center be established and implemented effective May 31, 1997.

 

Section 2. That the Council hereby establishes the Housing Lending Organization Development Committee and hereby appoints six members to the Committee as follows:

 

a. The Chairman of the Planning, Zoning and Economic Development Committee of City Council;

 

b. The 3rd District City Council member;

 

c. The Chairman and the Secretary of the Board of Directors of the Housing Development Corporation and Information Center; and

 

d. The Chairman and the Secretary of the Board of Directors of the Rehabilitation Loan Corporation.

 

Further, the City Manager is hereby authorized to appoint a seventh member to the Committee.

 

Section 3. That the Housing Lending Organization Development Committee is hereby directed to develop and review the strategy for a new single lending organization under the HDCIC Charter and to report its findings to the Council on a bi-monthly basis.

 

Section 4. Further, that the Housing Lending Organization Development Committee is hereby empowered to review and recommend changes to the City's housing delivery system and report its recommendation on such to the Council for consideration.

 

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