[gshalin] City Budget Hearing announcement

  • From: "Ron Wimberly" <ronwimberly@xxxxxxxxxxxxx>
  • To: "Governor's Square Hoa" <gshalin@xxxxxxxxxxxxx>
  • Date: Thu, 8 May 2008 19:38:34 -0400

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Make your voice heard at the 

City Council Public Hearing on the 2009 Budget


Link to the Recommended
-E1g-LNKTzBOIGF7jm70Ry9bQXOPXFWE4eazeopfgAygGlM=>  Budget 


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The Charlotte City Council holds a public hearing on the Manager's
Recommended Budget on Monday, May 12th at 7:00 PM at the Government Center,
600 East 4th Street in the Council Chambers, only 3 blocks from the
Convention Center Lynx light rail station. 


Please come and voice your opinion on the budget.





Important Affordable Housing Bond Information


The Manager's Recommended Budget includes $10 million for the 2008 bond
referendum. The Housing Trust Fund Advisory Board request is for $30
million. It is important to receive this full amount without taking much
needed funding from Neighborhood Improvements. 


Our affordable housing needs have never been greater. With the challenges
related to foreclosures and the growing problems related to homelessness, we
must have the resources to meet our growing needs. 


If you agree, please attend the budget hearing on Monday, May 12 at 7:00 PM
in the Council Chambers. 




Housing Trust Fund 

 chtf logo <http://portal.mxlogic.com/images/transparent.gif>  

The Housing Trust Fund was established by the City Council in November 2001
and in 2002 the HTF Advisory Board was created to oversee the Trust Fund.
Projects are funded through a competitive Request for Proposal Process.
Priority is given to projects aimed at households earning $19, 230 annually
(30% area median income.) The HTF has financed 3,236 affordable ownership,
rental and special needs housing units. 


A recent market study shows that Charlotte has an unmet need for affordable
housing increasing to 16,924 units by 2012. This $30 million bond is
important to help meet this critical need, especially to those who are very
low income and homeless.








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