Minutes 11/14/1995 - Laserfiche WebLink

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D) Adoption and Citizens 293 November 14, 1995 approving the 1996 Action Plan ?lan. E) Adoption of an ordinance appropriating the 1996 Action Plan Funds of $2,289,000 in Community Development Block Grant Funds; $828,000 of 1996 HOME Funds; $400,000 in 1996 Program Income funds; the 1996 Emergency Shelter Grant of $84,000 and $1,160,000 in unexpended 1995 Community Development Block Grant Funds for a total of $4,761,000. "At your October 24, 1995 meeting, you held a public hearing with the Commissioners of the Portsmouth Redevelopment and Housing Authority on the proposed 1996 Action Plan. As you may remember, effective 1995, under the Department of Housing and Urban Development's new regulations governing the Community Development Program, the City was required to prepare a three year Consolidated Plan and an annual Action Plan which encompasses HUD's three community planning and development programs (namely, the Community Development Block Grant, HOME and Emergency Shelter Grant Programs) that operate on a s~ngle consolidated program year. We are now in the first year of the Consolidated Plan and the proposed 1996 Action Plan represents year two of the approved three year Consolidated Plan. The total resources anticipated to be available to the City for 1996 amount to $4,761,000 and, of this amount, $2,289,000 represents the City's 1996 Community Development Entitlement Grant; $1,160,000 reprogrammed funds from the 1994 Community Development Program; $400,000 progra~ ~n¢ome from land sales and repayment of principal and interest generated from the Rehabilitation Loan Progr~un; $84,000 Emergency Grant Shelter Program; and $828,000 HOME Program allocation. Among the recommended activities is the continuation of the acquisition of vacant and abandoned properties from willing sellers in specific designated areas of the City. This program is highly successful and enables us to assemble properties at minimal cost and to make these properties available for new construction and/or rehabilitation. ~unding is also recommended for the loan repayment to ~he Industrxal Development Authority for the reha~ilitatmon or,he rorer Famous building which now houses the Tidewater Commu/aity College Visual Arts Center. Funding is also proposed to assemble blighted properties in the 1100 and 1200 Blocks of County Street between Phoebus and Armstrong Streets to facilitate future homeownership development %n.accordance with the Vis$on 2005 Plan and the Authority's initiatives for the redeve~opmen~ of the Ida Barbour Public Housing Development. This activmty will result in the acquisition of 23 properties that generate less than $12,000 in yearly real estate taxes and will allow us renewed opportunities to assemble highly marketable properties in this area of the City in support of the City's Vision 2005 Plan. This activity will result in the relocation of approximately seventeen (17) tenants, three (3) homeowners and four (4) businesses. There are several major new initiatives included in the 1996 proposed Community Development Action Plan. Among these are funding for various activities which are consistent with the City's Vision 2005 Plan. These include funds to assemble properties in the Park Vie~ facilitate an extended Har~ residential homeowner~hip ¢ result in the relocation ot homeowners. Other new init~ City's 2005 Vision Plan are Midtow~ Public Improvement~ Business Development Program and acquisitions in the 600 block of High and Queen Streets. ~ area near Scott's Creek to 'ell Street and the development of new ~portunities. This activity will eight (8) tenants and five {5) atives which are consistent with the the Midto~n Redevelopment Plan, the Program, the Effingham/Elm Avenue and improvements