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RESOLUTION NO. 9.719
A RESOLUTION AUTHORIZING THE CITY
MANAGER TO ENTER INTO AN AGREEMENT
PROVIDING $462,350 IN HOME PROGRAM
FUNDS TO VOLUNTEERS OF AMERICA OF
ARKANSAS.
376
WHEREAS, the proposal is consistent with the City's
Consolidated Plan, which was developed with extensive citizen
participation; and
WHEREAS, the Consolidated Plan identified the provision of
standard, affordable housing to low- income persons exhibiting
special needs as a priority; and
WHEREAS, Volunteers of America of Arkansas has an option to
purchase one -third of the Westside School for conversion into 50
single -room occupancy housing units for homeless persons
exhibiting special needs; and
WHEREAS, Volunteers of America has secured Section 8 SRO
Moderate Rehabilitation Grant funds from HUD for tenant rental
subsidies, low- income housing tax credits, and bank financing to
undertake the development; and
WHEREAS, tenants will be provided support services in
addition to the housing.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
THE CITY OF LITTLE ROCK, ARKANSAS:
SECTION 1. The City Manager is hereby authorized to enter
into an agreement to provide $462,350 in HOME funds for use by
Volunteers of America of Arkansas to renovate the South
one -third of Westside School.
ADOPTED: June 4, 1996
H
N•
VED TO FORK:
/
ATTORNEY THOMAS M. C.P"ENTERJ
CITY