HomeMy WebLinkAbout2012 05_Home Consortium_2012.05.01CITY OF OWASSO, OKLAHOMA
RESOLUTION NO. 2012-05
APPROVING PARTICIPATION IN THE METROPOLITAN
TULSA HOME CONSORTIUM AND AUTHORIZING THE
MAYOR TO EXECUTE A HOME INVESTMENT PARTNERSHIP
ACT CONSORTIUM AGREEMENT.
WHEREAS, the National Affordable Housing Act of 1990 created the HOME
Investment Partnership Program; and,
WHEREAS, the Act provides that units of general local government that are
geographically contiguous may form a consortium for the purpose of qualifying for a
HOME formula grant allocation; and,
WHEREAS, The City of Owasso desires to enter into a legally binding
Cooperation Agreement with other contiguous local governments in the Metropolitan
Tulsa area.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of
Owasso approves participation of the City of Owasso in the Metropolitan Tulsa HOME
Consortium, known also as the Tulsa County HOME Consortium.
BE IT FURTHER RESOLVED that the City of Owasso authorizes the Mayor to
execute the Metropolitan Tulsa HOME Consortium Agreement.
OPTED this ay q,~MV, 2012.
g B ebrake, Mayor
City Owasso, Oklahoma
Attest:
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Sherry Bi op, City C k
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The City Wit aut Limits.
APPROVED BY COUNCIL
TO: The Honorable Mayor and City Council MAY 01 [012
City of Owasso
FROM: Karl A. Fritschen
Community Development Director
SUBJECT: Resolution No. 2012-05
Extension of City of Owasso Participation in the HOME Consortium
DATE: April 27, 2012
BACKGROUND:
The City of Owasso is a participating member in the HOME Consortium, a group of local
governments that are eligible for housing improvement funds allocated by the Department of
Housing and Urban Development (HUD) through INCOG.
The HOME Investment Partnership Program provides federal funds to states and eligible local
governments for housing assistance programs. The HOME Investment Partnership Act allows
contiguous local governments to form a consortium to qualify as participating jurisdictions for
their own allocation of funds. Owasso is one of 24 members of the Tulsa County HOME
Consortium. These 24 jurisdictions enter into a cooperative agreement to extend the consortium
every three years.
ADVANTAGES FOR PARTICIPATION IN CONSORTIUM:
Prior to the Consortium, cities and counties less than 50,000 in population were eligible for
assistance on a statewide competitive basis only through the Oklahoma Department of
Commerce. However, the Tulsa County HOME Consortium receives an annual allocation of
funds, and the Consortium has more flexibility in designing specific programs than an individual
municipality would have. The Consortium does not include the City of Tulsa as they receive their
own allocation of funds. Affordable housing activities undertaken by the Consortium include the
construction of apartments for seniors, housing rehabilitation of existing single-family homes, new
construction of single-family homes, and homebuyer assistance. Homebuyer assistance has
been the most consistently utilized program in Owasso. Eighteen families have been assisted in
this way. Though eight homes in Owasso have been rehabilitated through the HOME program,
the last three were completed in 2001. The single biggest project HOME participated in was the
construction of the Prairie Village Independent Living Apartments at 129th E Ave and 1 16th St N.
This 40 unit complex was a $1.2 million HOME investment.
RENEWAL OF THE CONSORTIUM AGREEMENT:
The three-year cooperation agreement, with supporting documentation, must be submitted to
the department of Housing and Urban Development (HUD) by June 30, 2012. Extension of this
designation by HUD will be made by September 29, 2012 so that the Consortium will receive a
HOME allocation for FY's 2012-2013.
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COST OF PARTICIPATION:
There are no Consortium membership assessments or fees; there will be no cost to the City of
Owasso.
RESOLUTION NO. 2012-05:
Resolution No. 2012-05 is the proposed vehicle by which the City of Owasso would extend its
participation in the Tulsa County HOME Consortium. The extension would allow participation in
the Consortium through FY 2015.
RECOMMENDATION:
The staff recommends approval of Resolution No. 2012-05.
ATTACHMENTS:
➢ Resolution No. 2012-05
➢ Tulsa County Home Consortium Cooperation Agreement
➢ Correspondence from IN COG date April 24, 2012
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