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HomeMy Public PortalAbout1991_03_05_R051Leesb'~rg in ~Virginia RESOLUTION NO. A RESOLUTION: PRESENTED March 5, 1991 91-51 ADOPTED March 5~ 1991 AUTHORIZING THE APPLICATION TO THE VIRGINIA DEPARTMENT OF HOUSING AND CO~ DEVELOPMENT FOR COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS WHEREAS, the Loudoun Foundation for Adequate Housing, Inc. presented a Community Development Block Grant (CDBG) application proposal to the Plsnning and Zoning Committee of the Town Council on February 19, 1991; and WHEREAS, the application proposes affordable housing units at two separate development locations, tentatively known as First Street and Kincaid Forest, within the Town of Leesburg; and WHEREAS, encouraging the provision of a wide range of housing opportunities by type, density and price to meet the needs of all residents, and encouraging the provision of sufficient affordable and elderly housing are adopted Town Plan policies; and WHEREAS, the avAilsbility of affordable housing is a significant economic development asset; and WHEREAS, the first of two required public hearings regarding the proposed CDBG application was held on February 27, 1991 and no public opposition was raised; and WHEREAS, the second hearing will be held on March 6, 1991; and WHEREAS, the submi~ion deadline for this application is March 8, 1991; and WHEREAS, the Town of Leesburg, as applicant for this grant, intends to continue to work with the Loudoun Foundation for Adequate Housing, Inc. to acceptably define the specific terms and agreements of this proposal, and will seek additional public input prior to accepting the subject grant funds if so selected; and WHEREAS, the receipt of CDBG funds as proposed will provide an important social and economic development benefit for the town: THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows: SECTION I. The Acting Town Manager is hereby authorized to apply for up to $1,000,000 of Virginia Community Development Block Grant funds. These funds, and remaining funds provided by non-public sources, will be used to assist in the development and construction of up to 8 and 62 -2- RESOLUTION - AUTHORIZING THE APPLICATION TO THE VIRGINIA DEPARTMENT HOUSING AND COMMUNITY DEVELOPMENT BLOCK GRANT BLOCK FUNDS OF affordable dwelling units at two developments in Leesburg, Virginia tentatively known as First Street and Kincaid Forest, respectively. It is projected that up to a total of 175 low - and moderate - income persons will benefit from the implementation of these projects. PASSED this 5th day of March , 1991. ATTEST: Clerk of Co~cil James E. Clem, Vice-Mayor Town of Leesburg