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Archived Commission Action - 2005
At its December
1, 2005 meeting, the CDBG Commission ...
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... recommended tentative changes in the funding levels of "public services" projects (neighborhood centers, gardens, housing and homeless services) to accommodate an estimated 12% cut in CDBG funds for 2006. These agencies will receive about 95% of the 2005 funding level. Other capital-funded projects will be funded as recommended and adopted by the Council, in part using some of the repaid funds normally used to fund the "B" list for the approved "A" list capital projects.
... referred action to the January meeting on an internal policy concerning the criteria and extent of CD Office funding in inclusionary zoning projects. The chair will work with staff to prepare for a presentation in January.
... heard a report on the jobs created through the MDC business loan program at the Technical Enterprise Center located near the MATC Truax campus.
... reviewed a map displaying single-family and condo unit assessments for 2005, and the dispersion of American Dream Downpayment loans.
... scheduled a presentation for the community garden program for January.
At its November
3, 2005 special meeting, the CDBG Commission ...
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... recommended a change in the qualifying ratios for CD-funded projects involving the purchase of property from a non-profit agency by an eligible homebuyer.
... recommended a change in qualifying ratios and some other American Dream Downpayment Initiative (ADDI) conditions to remove some small program policy impediments to eligibility by otherwise qualified households.
... approved subordination to a larger first mortgage on the Atwood Community Center building to expand its line of credit for working capital in view of their expansion project plans.
... approved additional funds for Tellurian for its Williamson Street project based on the housing type and population served.
... deferred discussion of the Building Wisconsin request for funding until the Commission's December meeting, at the request of the agency.
... deferred discussion of the proposed 2006 budget study until after Commission chair discussions with the Mayor regarding the scope of the study.
At its October
6, 2005 special meeting, the CDBG Commission ...
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... recommended, in concept, Council approval of a loan to the Dane Fund for approximately $1,000,000 to be used to leverage New Market Tax Credits for Genesis Development Corporation's business incubator in South Madison. The terms of the deal need to be worked through, but involve essentially the same conditions of job creation and contingent grant security as the resolution approved by the Council in February 2005. Since the incubator building has appreciated since then, and Genesis has drawn down more of the CDBG leasehold improvement loan since February, the amount will be approximately $100,000 higher then anticipated in February. The terms of the deal also require repayment of the earlier direct CDBG loans to Genesis.
... recommended Council approval of a subordination of a previous CDBG loan for the Madison Community Health Center, and transfer of the loan to a newly created subsidiary of the Center, Access Community Health Center Facilities. These new arrangements will permit MCHC to obtain New Market Tax Credit financing to help lower its debt service costs over the next seven years.
... recommended a deferred payment loan of $75,000 to Omega School to help purchase a building on West Badger Road.
... referred some suggested changes in Madison's American Dream Downpayment Initiative program guidelines to the Commission's November meeting.
At its September
16, 2005 special meeting, the CDBG Commission ...
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... recommended Council approval of a resolution to use CDBG funds for City purchase and demolition of an eight-unit on Allied Drive owned by Friends Community Housing to provide temporary green space for the neighborhood, while the City uses TIF funds to develop a neighborhood plan for the area. The resolution also provides for the City to negotiate to obtain an option with Hauk Investments for the potential purchase of the 127-unit complex on Allied Drive, to serve as a future point of redevelopment in the neighborhood.
At its September
1, 2005 meeting, the CDBG Commission ...
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... recommended Council approval of City provision of $138,800 in HOME and EDI/Housing Trust Funds to Movin' Out to help purchase a duplex and a single-family home to serve as long-term rental housing for people with disabilities. The properties will be managed by the Wisconsin Initiative on Sustainable Housing (WISH), and program support for the residents will be provided by a third organization.
... recommended Mayoral approval of a request from the Community Action Coalition for$14,000 in CDBG funds for use in obtaining fencing, sheds, and other infrastructure improvements to help expand community gardens in several areas of the city.
... approved a change in the American Dream Downpayment Initiative (ADDI) policies to permit the "stacking" of funds in second and third positions if the total amount were within the Program Funding Framework maximum amounts adopted by the Council.
... reviewed the proposed 2006 budget and current activities of the CD Office and other Commissioners.
At its May 5, 2005 meeting, the CDBG Commission ...
... recommended Council approval of City provision of $33,373 to a new housing organization called Wisconsin Initiative on Sustainable Housing (WISH) to help purchase a housing unit for affordable housing. The funds are derived from the program income revenue from a sale of the unit by a participant in the Movin' Out program.
... recommended Council approval of a request from the Madison Area CLT to transfer portions of the City mortgage and conditions on the Troy Gardens property to two special-purpose LLCs to own and manage the residential and conservation portions of the property. The terms and conditions of the original funding would remain intact.
... recommended that the Allied Vision Plan be referred for discussion to the newly formed Allied Task Force, and developed a list of issues and concerns for their consideration. The Commission expects to review and make additional recommendations after the Task Force has discussed the redevelopment issues and developed its preliminary report.
At its February 3, 2005 meeting, the CDBG Commission ...
... recommended up to an additional $280,000 to Madison Development Corporation for a 23-unit reconstruction housing on West Mifflin Street, contingent on neighborhood review and land use approvals. The Commission also recommended that 9 of the units be reserved for households at 50% of Area Median Income (AMI), with the other 6 of the assisted units open to those at 60% of AMI.
... approved the set of specific proposals developed by the Homeless Services Consortium for a joint application to the State of Wisconsin for Emergency Shelter Grant (ESG) funds.
... recommended Council adoption of a resolution that would permit the carry-over of funds for certain capital projects.
... recommended Council adoption of a resolution that would permit the restructuring of a previously approved loan package to Genesis Development Corporation for purchase of its business incubator building, in a way that would permit the infusion of New Market Tax Credits into the property and provide greater stabilization of its first mortgage financing.
... held the first of two public hearings on the performance of its 2004 program, and future priorities for funding.
