CITY OF SEATTLE
RESOLUTION __________________
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A RESOLUTION approving the Seattle Housing Authority's use of certain excess revenues from the sale, lease, or other disposition of property in the Yesler Terrace Redevelopment Area for the provision of services that benefit the residents of the community.
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WHEREAS, in 2010, the federal Department of Housing and Urban Development (HUD) created the Choice Neighborhoods program to leverage significant public and private dollars to support locally driven strategies that address struggling neighborhoods with distressed public or HUD-assisted housing through a comprehensive approach to neighborhood transformation; and
WHEREAS, Choice Neighborhoods is focused on three core goals:
1. Housing: Replace distressed public and assisted housing with high-quality mixed-income housing that is well-managed and responsive to the needs of the surrounding neighborhood;
2. People: Improve outcomes of households living in the target housing related to employment and income, health, and children's education; and
3. Neighborhood: Create the conditions necessary for public and private reinvestment in distressed neighborhoods to offer the kinds of amenities and assets, including safety, good schools, and commercial activity, that are important to families' choices about their community; and
WHEREAS, in 2011 the Seattle Housing Authority (SHA) was one of the first housing authorities nationally to receive a Choice Neighborhoods grant award, ultimately totaling $30 million, to catalyze the redevelopment of the Yesler Terrace public housing community; and
WHEREAS, The City of Seattle and SHA entered into a Cooperative Agreement via adoption of Ordinance 123961 that identifies roles and responsibilities of the parties, including unit delivery targets and aspirational funding commitments; and
WHEREAS, the Cooperative Agreement required SHA to use all proceeds from the sale, lease, or other disposition of property in the Yesler Terrace R...
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