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Lafayette allocates $200,000 in Ready 2.0 funds to rehabilitate affordable units at historic Jeff Center
Summary
The council approved a $200,000 Ready 2.0 allocation to support rehabilitation of affordable housing at the historic Jeff Center; funds will be administered through the city's agreement with Greater Lafayette Commerce and project partners.
Dennis Carson, economic development director, presented an agreement to allocate $200,000 in Ready 2.0 funds to the Historic Jeff Center restoration project. Carson said the city previously entered an agreement with Greater Lafayette Commerce to receive Ready 2.0 funds and that this subrecipient agreement passes funds to Historic Jeff Center Restoration and Lafayette Neighborhood Housing Services. The funds will be used for parking-lot improvements to improve accessibility.
Council moved to approve the allocation and the motion passed by voice vote. Carson confirmed the money flows through the city to the project partners and said staff would answer any follow-up questions as needed.
Next steps: staff will execute the subrecipient agreement and monitor disbursement and use of the Ready 2.0 funds in line with program requirements.
