CITY of ALBUQUERQUE
TWENTY SEVENTH COUNCIL
COUNCIL BILL NO. R-26-51 ENACTMENT NO. ________________________
SPONSORED BY: Renée Grout, Nichole Rogers
RESOLUTION
title
Directing The City Administration To Utilize Funding For An Affordable Housing Development And To Facilitate The Determination Of The Project's Developer As A Qualifying Grantee (Grout, Rogers)
body
DIRECTING THE CITY ADMINISTRATION TO UTILIZE FUNDING FOR AN AFFORDABLE HOUSING DEVELOPMENT AND TO FACILITATE THE DETERMINATION OF THE PROJECT’S DEVELOPER AS A QUALIFYING GRANTEE.
WHEREAS, the City of Albuquerque has identified increasing the availability of affordable housing as an important public purpose and has resources available that may be used to support the development of affordable housing within the City; and
WHEREAS, the City Council desires to utilize available and eligible funding to support the development of the Cottages at 161 Chama, subject to all applicable requirements governing the use of such funding; and
WHEREAS, StreetVision Housing Strategies (formerly known as East Central Ministries) is developing the Cottages at 161 Chama, an affordable housing development intended to provide safe, stable, and attainable housing opportunities for Albuquerque residents; and
WHEREAS, the Cottages at 161 Chama project is consistent with the purpose of the State appropriations because it provides for the development and construction of affordable housing units within the City of Albuquerque; and
WHEREAS, the “affordable housing exemption” to the Anti-Donation Clause of the New Mexico Constitution, Article IX, Section 14, in conjunction with the Affordable Housing Act, NMSA 1978, Sections 6-27-1 et seq., and the Mortgage Finance Authority Act, NMSA 1978, Sections 58-18-1 et seq., outline detailed requirements to ensure governmental entities donate affordable housing resources only to “Qualifying Grantees”; and
WHEREAS, the City's Affordable Housing Implementing Ordinance, ROA 1994, Sections 14-21-1 et seq., allows the City to donate affordable housing resources by City Council Resolution, and outlines additional procedures to ensure such resources are provided to “Qualifying Grantees”; and
WHEREAS, the Ordinance provides that “The City, in its discretion, shall procure services according to its Rules and Regulations, or shall otherwise identify a qualifying grantee for the use of any affordable housing funds”; and
WHEREAS, “Qualifying Grantees” are subject to final approval by the Housing New Mexico/Mortgage Finance Authority (MFA).
BE IT RESOLVED BY THE COUNCIL, THE GOVERNING BODY OF THE CITY OF ALBUQUERQUE:
SECTION 1. $350,000 (Three-hundred and Fifty Thousand dollars) is hereby appropriated from the unencumbered balance of the Housing Forward Fund, activity number 7272040, to the Cottages at 161 Chama, an affordable housing project located within the International District in City Council District 6. This funding is contingent upon the City’s determination that StreetVision Housing Strategies is a Qualifying Grantee and final review and approval by the MFA.
GOAL AMOUNT TERM CONTRACTOR
Cottages at 161 Chama $350,000 2YRS StreetVision Housing Strategies
(formerly East Central Ministries)
SECTION 2. Pursuant to MFA Rules and following the process identified in the Affordable Housing Implementing Ordinance to “otherwise identify a qualifying grantee” the Administration shall accept the application for the project identified in this Resolution. The Administration shall immediately initiate a review of the project to determine whether the applicant is a Qualifying Grantee, pursuant to MFA Rules. The Administration shall conduct its review in a fair and impartial manner with a goal toward approving this project if possible. The Administration shall complete its review and submit the Qualifying Grantee to MFA for final review within 60 calendar days of the effective date of this Resolution. If the Administration identifies any basis to determine that the applicant does not meet the MFA standards for a Qualifying Grantee, the Administration shall immediately notify the applicant and offer it an opportunity to provide supplemental information or otherwise rectify the issue.
SECTION 3. SEVERABILITY. If any section, paragraph, sentence, clause, word or phrase of this Resolution is for any reason held to be invalid or unenforceable by any court of competent jurisdiction, such decision shall not affect the validity of the remaining provisions of this Resolution. The Council hereby declares that it would have passed this Resolution and each section, paragraph, sentence, clause, word or phrase thereof irrespective of any provision being declared unconstitutional or otherwise invalid.
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