Resolution 2007-34 - Laserfiche WebLink

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. HOME CONSORTIUM INTEJ~GOVERNMENTAL AGREEMENT TIUS AGREEMENT ("Agreement") is made and entered into this ;)i+h day of ~~ .2006 by and between the City and County of Broomfield, Boulder County, and the City of Longmont (coUectiveJy the "Participating Governments) and the City of Boulder (the "Lead Agency"). RECITALS WHEREAS, the United States Govenunent, through the National Affordable Housing Act of ] 930, has established the HOMB Investment ParlDerships Act Program ("HOME" or "HOME Program") and has designated the Lead Agency as a Participating Jurisdiction ("PJ") to administer such federal funds, subject to certain conditions, for the pwpose of expansion and rehabilitation of the supply of decent, safe, sanitary, and affordable housing and to strengthen partnerships among all levels of government and the private sector; and . WHEREAS, Sectil[)n 2]6 (2) of the Act, 42 U.S.C. 12146, provides that a consortium of geographically contiguous or overlapping geographical areas within which separate legal governmental subdivisions operate can be considered to be a single unit of general local government for the purposes of receiving an allocation and participating in the HOME Program and a detennination has been made by the United States Department of Housing and Urban DeveloI)ment that the Participating Governments and Lead Agency are geographically contiguous or overlapping geographical areas within which separate legal governmental subdivisions operate and are eligible to participate in the HOME Program; and WHEREAS, the Participating Governments and the Lead Agency recognize the need to address the regional issues of increasing the supply of permanent affordable housing for lower income households, and develop affordable and supportive housing opportunities for lower-income parsons and families and. the homeless in Boulder and Broomfield Counties and have detennined that it will be mutually beneficial and in the public interest to enter into fin intergovernmental agreement regarding regional participation in the HOME Program; and WHEREAS, the Lead Agency desires to enter into an intergovernmental agreement with the Participating Governments to participate in 8 Consortium for the purpose of implementing a regional HOME Program authorized by the Act to enhance cooperation between jurisdictions lmd to maximize the use of resoW"CCs available to local governments to affect the housing-related problems ofJowerpincome people; and