DHA Resolution 2024-05 PBV Allocation to Full Circle Communities

DUPAGE HOUSING AUTHORITY
RESOLUTION NO. 2024-05
APPROVAL OF ALLOCATION OF PROJECT-BASED VOUCHERS
FULL CIRCLE COMMUNITIES, INC.

BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE DUPAGE HOUSING AUTHORITY (DHA), as follows:

• Section 1:
  Whereas the DuPage Housing Authority works collaboratively to preserve and expand the supply of affordable housing in DuPage County, Illinois. Full Circle Communities, Inc, a 501 (c) 3 affordable housing developer seeks to increase the supply of affordable housing in DuPage County, and
  
  Whereas DuPage Housing Authority received a completed application on January 5, 2023, requesting the award of 26 Project Based Vouchers (PBV) to support the proposed affordable housing development Taft & Exmoor Apartments located 640 Taft Avenue, Glen Ellyn, IL 60137, and
  
  Be it resolved that the DuPage Housing Authority seeks to support these developments by confirming the allocation of up to 26 Project Based Vouchers with 7 of those vouchers dedicated to the State Referral Network.

The allocation of Project Based Vouchers is contingent upon satisfactorily completing the statutory requirements of the PBV program.

• Section 2:
  Authorize the Executive Director to take all necessary steps to enter into contracts with the selected applicants to provide Project-Based Vouchers.

• Section 3:
  That this Resolution is effective upon its adoption.

Approved by the DuPage Housing Authority Board of Commissioners, on this 11th day of January, 2024.