Resolution 2901 - Laserfiche WebLink

r . RESOLUTION NO. -:` 11 A RESOLUTION pertaining to the City of Everett's participation in "An Affordable Housing Demonstration Program WHEREAS, there exists a national and local crisis in the affordability of housing; and WHEREAS, homeownership provides benefits to the individual, the community, the state, and the nation; and WHEREAS, the United States Department of Housing and Urban Development, as part of the "Joint—Venture for Affordable Housing," has initiated an "Affordable Housing Demonstration Program: ; and WHEREAS, the City of Everett participated in the "Affordable Housing Demonstration Program" by working with a private developer and the United States Department of Housing and Urban Development to develop Sunridge, a single family affordable housing project; and WHEREAS, the United States Department of Housing and Urban Development, as part of the "Joint—Venture for Affordable Housing," has initiated a follow—up to the "Affordable Housing Demonstration Program"; and WHEREAS, the City of Everett desires to further participate in the "Affordable Housing Demonstration Program" so as to use what was learned in the Sunridge project and expand housing opportunites in the community; and WHEREAS, the City has held several preliminary discussions with a developer about the possibility of developing an affordable housing project in the Madison neighborhood in Everett, and WHEREAS, it is the desire and intent of the Mayor and City Council to actively participate in and encourage the development of another "Affordable Housing Demonstration Program" (hereinafter referred to as "Project") so as to expand housing opportunities in the community; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EVERETT AS FOLLOWS: