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HomeMy WebLinkAbout09 29 08_Road To Home Program Funding Commission Memorandum REPORT TO: Honorable Mayor and City Commission FROM: Anna Rosenberry, Finance Director Chris Kukulski, City Manager SUBJECT: Consider approving $40,000 funding for Road to Home Program from City’s Affordable Housing Levy. MEETING DATE: September 29, 2008 RECOMMENDATION: Consider approving $40,000 funding for Road to Home program administration in FY09. BACKGROUND: On June 16, 2008 Tracy Menuez, from HRDC, made a special presentation and a request that the City contribute $40,000 for FY09 support of the Road to Home Homeownership Center. Similar requests have been approved by the Commission in the past, coming from the mills set aside for affordable housing. The approved budget includes a total of $50,000 for contracted services in Fund 120 Community Housing. The Commission may designate $40,000 of this money specifically for “Road to Home Homeownership Center.” FISCAL EFFECTS: If approved $40,000 would be paid to HRDC for the Road to Home Homeownership Center. 248 ALTERNATIVES: As suggested by the City Commission. Respectfully submitted, Anna Rosenberry, Finance Director Chris Kukulski, City Manager Report compiled on: September 23, 2008 249 250 251