city of tacoma
File #: RES41299    Version: 1 Name: RES-Dept of Commerce Grants
Type: Resolution Status: Adopted
File created: 11/14/2023 In control: City Council
On agenda: 11/28/2023 Final action: 11/28/2023
Title: A resolution authorizing the execution of a grant agreement with the Washington State Department of Commerce, in the amount of $1,000,000, and accepting and depositing said sum into the Special Revenue Fund, together with $500,000 in matching City funds, budgeted from the Affordable Housing Sales Tax Fund, for a cumulative total of $1,500,000; and authorizing the execution of an agreement with the Tacoma Community Redevelopment Authority, in the amount of $1,500,000, through November 1, 2050, for homebuyer education and first-time homebuyer down payment assistance. [Felicia Medlen, Housing Division Manager; Jeff Robinson, Director, Community and Economic Development]
Sponsors: City Council
Attachments: 1. Resolution No. 41299, 2. City Council Action Memorandum
Related files: RES41428

Title

A resolution authorizing the execution of a grant agreement with the
Washington State Department of Commerce, in the amount of $1,000,000,
and accepting and depositing said sum into the Special Revenue Fund,
together with $500,000 in matching City funds, budgeted from the
Affordable Housing Sales Tax Fund, for a cumulative total of $1,500,000;
and authorizing the execution of an agreement with the Tacoma
Community Redevelopment Authority, in the amount of $1,500,000,
through November 1, 2050, for homebuyer education and first-time
homebuyer down payment assistance.

[Felicia Medlen, Housing Division Manager; Jeff Robinson, Director,
Community and Economic Development]