HomeMy WebLinkAbout1994-033 EDAR1
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Commissioner Kristen Mann introduced the following resolution
and moved its adoption:
EDA RESOLUTION NO. 94 33
RESOLUTION ADJUSTING INCOME LIMITS FOR THE EDA'S HOUSING
REHABILITATION DEFERRED LOAN PROGRAM TO COMPLY WITH 1994
HOUSING AND URBAN DEVELOPMENT (HUD) COMMUNITY
DEVELOPMENT BLOCK GRANT (CDBGI PROGRAM INCOME LIMITS
WHEREAS, the City of Brooklyn Center has executed a Joint Cooperation
Agreement with Hennepin County for the purpose of participating in the 1994 (Year XX) Urban
Hennepin County Community Development Block Grant program; and
WHEREAS, Hennepin County is the recipient of an annual grant from the U.S.
Department of Housing and Urban Development for purposes of the program, and the City is
a subrecipient under the program and receives a share of the grant; and
WHEREAS, the Economic Development Authority in and for the City of
Brooklyn Center is the implementing agency for the City's housing rehabilitation deferred loan
program funded with Community Development Block Grant funds; and
WHEREAS, the Department of Housing and Urban Development has established
revised household income eligibility limits for all CDBG funded activities which must document
low /moderate income benefit; and
WHEREAS, the EDA's housing rehabilitation deferred loan program uses 60%
of the HUD median income limits for determining eligibility for the program; and
WHEREAS, the following income limits represent 60% of the 1994 HUD median
income limits based on household size:
Household Size Current (1993) Limits* New (1994) Limits
1 20,820 21,420
2 23,820 24,480
3 26,760 27,540
4 29,760 30,600
5 32,160 33,060
6 34,500 35,520
7 36,900 37,920
8 39,300 40,380
INCOME ELIGIBILITY CRITERIA FOR
EDA HOUSING REHABILITATION DEFERRED LOAN PROGRAM
60% of median income based on $49,600 (family of four median income).
60% of median income based on $51,000 (family of four median income).
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EDA RESOLUTION NO. 94 -33
NOW, THEREFORE, BE IT RESOLVED by the Economic Development Authority in
and for the City of Brooklyn Center that the income limits described above are hereby adopted
as the income eligibility limits for the EDA's housing rehabilitation deferred loan program.
August 8, 1994
Date
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Todd Paulson, President
The motion for the adoption of the foregoing resolution was duly seconded by commissioner
Celia Scott and upon vote being taken thereon, the following voted
in favor thereof: Todd Paulson, Celia Scott, and Kristen Mann;
and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.