RESOLUTION

A RESOLUTION TO AUTHORIZE THE SUBMISSION OF A PROPOSAL TO THE VIRGINIA DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT FOR NEIGHBORHOOD STABILIZATION PROGRAM FUNDS

WHEREAS, the nation is attempting to deal with a large number of housing foreclosures that have a negative impact on the community; and

WHEREAS, the Virginia Department of Housing and Community Development (DHCD) has announced the availability of funding and program guidelines to address a part of this issue; and

WHEREAS, Fauquier County and the Towns of Warrenton and Remington successfully applied for and obtained $25,000 in Planning Grant funds in preparation for submitting a competitive proposal to DHCD seeking property acquisition and program administration funds on July 1, 2009; and 

WHEREAS, the Fauquier County Affordable Housing committee has monitored the housing foreclosure issue from a local perspective and recommends pursing Federal and State assistance; now, therefore, be it

RESOLVED by the Fauquier County Board of Supervisors this 11th day of June  2009, That that the County Administrator be, and is hereby, authorized to submit a proposal for  Neighborhood Stabilization Program funding to purchase vacant foreclosed homes in Fauquier County for the purpose of rehabilitating and re-selling them to qualified homebuyers.

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