ORDINANCE NO. 176646

* Agreement with Albina Community Development Corporation for $125,000 for the rehabilitation and development of affordable rental housing and provide for payment. (Ordinance)

The City of Portland ordains:

SECTION 1. The Council finds that:

1.  The City of Portland has entered into an agreement with The Neighborhood Partnership Fund and The Enterprise Foundation to provide operating support for an array of community development activities through the formation of the Portland Neighborhood Development Support Collaborative (PNDSC).

2.  Albina CDC is a nonprofit community development corporation and the product of the 2000 merger of Housing Our Families Community Development Corporation and Franciscan Enterprises of Oregon.

3.  PNDSC provided funding for technical support for the negotiations, legal work, and portfolio analysis leading to the merger and has committed additional support to Albina CDC in the amount of $150,000 for the period July 1, 2002 to June 30, 2003. The City of Portland is contributing $75,000 in Community Development Block Grant (CDBG) and $50,000 in HOME funding towards the award. The Enterprise Foundation is providing $25,000 from the National Community Development Initiative.

4.  Albina CDC will continue to undertake activities related to the merger including but not limited to reconciling asset a management, property management and fiscal management systems, housing development and neighborhood relations.

5.  Albina CDC is a certified Community Housing Development Organization (CHDO) under the HOME Investment Partnership Program and a Community-Based Development Organization (CBDO) under the CDBG program guidelines.

6.  There are funds available in the approved FY 2002-2003 CDBG and HOME budget for this agreement.

7.  The City now wishes to enter into an agreement in the total amount of $125,000 with Albina CDC to support the development of affordable rental housing.

NOW, THEREFORE, the Council directs:

a. The Commissioner of Public Works is hereby authorized to enter into an agreement with Albina CDC for the rehabilitation and development of affordable rental housing in a form substantially in accordance with the agreement attached as Exhibit A.

b. The Mayor and City Auditor are hereby authorized to pay for said contract from the Housing and Community Development Fund.

Section 2. The Council declares that an emergency exists because delay in funding would interrupt Albina CDC's ability to rehabilitation and develop affordable rental housing; therefore, this ordinance shall be in force and effect from and after its passage by Council.

Passed by the Council, JUL 03 2002

GARY BLACKMER

Commissioner Erik Sten              Auditor of the City of Portland

Trell Anderson                By /S/ Susan Parsons

June 27, 2002                  Deputy

BACKING SHEET INFORMATION

AGENDA NO. 775-2002

ORDINANCE/RESOLUTION/COUNCIL DOCUMENT NO. 176646