City of Alexandria, Virginia
________________
MEMORANDUM
DATE: APRIL 8, 2015
TO: THE HONORABLE MAYOR AND MEMBERS OF CITY COUNCIL
FROM: MARK B. JINKS, ACTING CITY MANAGER /s/
DOCKET TITLE:
TITLE
Consideration of a Community Development Block Grant (CDBG) Funds Transfer from the Home Rehabilitation Loan Program to the Housing Opportunities Fund to Assist Community Lodgings, Inc. (CLI) with Rehabilitation of Affordable Housing at 607 Notabene Drive.
BODY
______________________________________________________________________________
ISSUE: Funding request for up to $300,000 in gap financing to renovate 607 Notabene Drive.
RECOMMENDATION: That City Council:
1. Approve up to a $300,000 in gap financing from the Housing Opportunities Fund (HOF) to Community Lodgings Inc,;
2. Approve a budget transfer of $300,000 in Community Development Block Grant (CDBG) funds from the Home Rehabilitation Loan Program to the Housing Opportunities Fund; and
3. Authorize the Acting City Manager to execute all necessary documents.
BACKGROUND: Community Lodgings, Inc. (CLI) is a local non-profit organization, established in 1987, to preserve affordable housing, provide transitional housing for the homeless, and to help families become self-sufficient through counseling and supportive services programs. CLI owns and operates a 28-unit rental property in the three buildings located at 3908, 3912 and 3916 Elbert Avenue, as well as two rental properties at 607 (6 units) and 612 Notabene Drive (10 units). Four residential units at 607 Notabene Drive were converted in 2006 for use as a Learning Center. All of CLI's properties are older, garden-style apartments, built in the early 1940s and are located in the Arlandria section of the City. CLI currently operates 14 units of transitional shelter for the homeless and 30 units of affordable housing.
The City has previously provided funds in the form of loans and grants to assist with CLI's ini...
Click here for full text