4170 •
RESOLUTION NO. 4,170
RESOLUTION APPROVING APPLICATION FOR PRELIMINARY LOAN
FOR LOW-RENT PUBLIC HOUSING FOR THE ELDERLY
WHEREAS, it is the policy of this locality to eliminate substandard
and other inadequate housing, to prevent the spread of slums and blight,
and to realize as soon as feasible the goal of a decent home in a suit-
able living environment for all of its citizens; and
WHEREAS, under the provisions of the United States Housing Act of
1937 , as amended, the Department of Housing and Urban Development is
authorized to provide financial assistance to local public housing
agencies for undertaking and carrying out preliminary planning of low-
rent housing projects that will assist in meeting this goal; and
WHEREAS , the Act provides that there shall be local determination
of need for low-rent housing to meet needs not being adequately met by
private enterprise and that the Department of Housing and Urban Develop-
ment shall not make any contract with a public housing agency for prelimi-
nary loans for surveys and planning in respect to any low-rent housing
projects unless the governing body of the locality involved has by reso-
lution approved the application of the public housing agency for such
preliminary loan; and
WHEREAS , the Housing Authority of the City of Little Rock, Arkansas,
(herein called the "Local Authority") is a public housing agency and is
applying to the Department of Housing and Urban Development for a prelimi-
nary loan to cover the costs of surveys and planning in connection with
the development of low-rent housing for the elderly.
NOW, THEREFORE, be it resolved by the Board of Directors of the
City of Little Rock, Arkansas, as follows :
1. There exists in the City of Little Rock, Arkansas, a need for
such low-rent housing for the elderly at rents within the means of low-
income families;
2. The application of the Local Authority to the Department of
Housing and Urban Development for a preliminary loan in an amount not to
exceed $480,000.00 for surveys and planning in connection with low-rent
housing projects of not to exceed approximately 1,200 dwelling units
for the elderly is hereby approved.
ADOPTED: March 17, 1969
ATTEST: 6/rLie APPROVED:
if
41/
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Acting City Clerk Mayor