100861
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RESOLUTION NO. 10,086
A RESOLUTION AUTHORIZING THE CENTRAL
HIGH HOMEOWNERSHIP ZONE APPLICATION.
WHEREAS, the Department of Housing and Urban Development has limited
grant funding available for Homeownership Zone projects; and
WHEREAS, the Homeownership Zone Program is dedicated to large scale
development projects designed to reclaim distressed neighborhoods by creating
Homeownership opportunities for low and moderate income families; and
WHEREAS, the targeted Central High Neighborhood meets the definition of
a neighborhood that has been undermined by deterioration, abandonment and neglected
housing; and
WHEREAS, this program will serve as a catalyst for private investment,
economic growth, neighborhood revitalization with a stronger, less transient
community; and
WHEREAS, this application will furnish 75 new (in -fill) homes and 75
substantially rehabilitated homes in the Central High area.
NOW, THEREFORE, BE iT RESOLVED BY THE BOARD OF
DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS:
SECTION 1. The City Manager is authorized to apply for a Central High
Homeownership Zone application fi•om the Department of Housing and Urban
Development.
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ADOPTED: September 30, 1997
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ATTEST:
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1Q2a,G "Zie -L
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ROBBIE HANCOCK
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CITY CLERK
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APPROVED AS TO FORM:
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THOMAS M. CARPEN ER
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CITY ATTORNEY
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APPROVED:
2 51W 11/ f, I
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