R-20-005
RESOLUTION
APPROVING THE USE OF U.S. DEPARTMENT OF HOUSING AND URBAN
DEVELOPMENT HOME INVESTMENT PARTNERSHIP PROGRAM FUNDS BY
HABITAT FOR HUMANITY FOR 10 PAXTON TERRACE
CITY OF NASHUA
In the Year Two Thousand and Twenty
WHEREAS, the City of Nashua is an entitlement community and receives U.S.
Department of Housing and Urban Development (HUD) HOME Investment Partnership Program
funds under the provisions of Title I of the Housing and Community Development Act of 1974,
as amended;
WHEREAS, the City of Nashua accepts applications for HOME funds on a rolling basis
for which funds are set aside through the Annual Action Plan, approved by the Board of
Aldermen, for the development of affordable housing;
WHEREAS, the City has accepted an application for HOME funds from Habitat for
Humanity to acquire a vacant lot and construct a new two-unit residential property at 10 Paxton
Terrace to be sold to and occupied by two separate veteran households;
WHEREAS, Habitat for Humanity has requested $400,000 of HOME funds toward the
estimated total development cost of $620,000; and
WHEREAS, the creation of affordable home-owner housing for low-moderate income
households is consistent with goals of the HOME Investment Partnership Program.
NOW THEREFORE BE IT RESOLVED that the Board of Aldermen of the City of
Nashua approves the allocation of funds in the amount of up to $400,000 from the City’s HOME
Program, Affordable Housing Development line items.
BE IT FURTHER RESOLVED that the Mayor is authorized to execute all necessary
understandings, assurances and agreements pursuant to this project.
