TAMRMS#: B06
10.1
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Habitat for Humanity Funding
Notice given by: Councillor Killick
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PROPOSED MOTION(S):
recommendation
That the following Notice of Motion be debated at the April 16, 2024 regular meeting of Council and that the 20 day notice period requirement in section 119(9) of the Procedure Bylaw be waived.
That funding in the amount of $100,000, funded from the Capital Reserve, be provided by the City to Habitat for Humanities in support of four affordable housing units in the Midtown neighbourhood in St. Albert, subject to (i) Habitat for Humanities receiving associated grant funding for the same project from both the Government of Canada and the Government of Alberta; (ii) Habitat for Humanities entering into a grant funding agreement with the City on typical terms and conditions approved by the CAO; and (iii) Habitat for Humanities' compliance with the terms and conditions of the grant funding agreement.
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ADMINISTRATION'S UNDERSTANDING OF THE INTENT OF THE MOTION
If the above motions are approved, Administration's understanding is that the City would enter into a grant funding agreement with Habitat for Humanity to provide $100,000 to Habitat in support of four affordable housing units in the Midtown neighbourhood subject to Habitat receiving sufficient grant funding from the Government of Canada and the Government of Alberta for the project and on terms and conditions approved by the CAO.
PURPOSE OF REPORT
The purpose of this report is to present a motion for which Councillor Killick gave notice on April 10, 2024.
BACKGROUND AND DISCUSSION
Administration's understanding is that Habitat for Humanity is negotiating a partnership with Averton to purchase two interior, and two exterior units in Midtown, Phase 2. The project would have Habitat contributing $600,000 in the form of cash and government grants to bring the cost of the units down to break even. Habitat faces a shortfall of $484,000 to make the four units affo...
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