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Fayetteville Council authorizes city participation in Choice Neighborhoods grant application
Summary
Council authorized the mayor to sign a leverage letter and the city manager to sign a participation agreement for a Choice Neighborhoods grant application that proposes 323 mixed-income rental units, 35 homeownership units and neighborhood improvements; staff said residents would have relocation rights and return options.
City staff presented updates on the Choice Neighborhoods grant application and asked council to authorize two documents: a leverage letter for HUD and a participation/partnership certification describing roles among partners. Staff said the program’s applicant pool was reduced and Fayetteville is in a limited pool of applicants; the draft request to HUD is for $26 million in federal funds as part of an approximately $130 million total leveraged investment.
The presenter…
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