* WARNING: THIS IS AN UNOFFICIAL, INTRODUCTORY COPY OF THE BILL.
THE OFFICIAL COPY CONSIDERED BY THE CITY COUNCIL IS THE FIRST READER COPY.
INTRODUCTORY*
CITY OF BALTIMORE
COUNCIL BILL
Introduced by: The Council President
At the request of: The Administration (Department of Finance)
A BILL ENTITLED
AN ORDINANCE concerning
Title
Supplementary General Fund Capital Appropriation - Department of Housing and Community Development - $10,000,000
FOR the purpose of providing a Supplementary General Fund Capital Appropriation in the amount of $10,000,000 to the Department of Housing and Community Development (Account # 9910-587-904) to provide funding for the Baltimore Affordable Housing Program; and providing for a special effective date.
Body
BY authority of
Article VI - Board of Estimates
Section 8(b)(3) and (c)
Baltimore City Charter
(1996 Edition)
Recitals
Whereas, there is a growing need to develop programs to improve and expand housing opportunities for persons of low and moderate income;
Whereas, economic diversity in the City and its neighborhoods stimulates economic investment, promotes neighborhood stability, and increases public safety for all;
Whereas, private sector individuals and businesses, while being the primary source of housing and economic development activity, are not alone able to create economically diverse neighborhoods or developments, or to develop and maintain housing for the broad range of incomes that will lead to economic diversity;
Whereas, Baltimore City can provide financial incentives to developers, households, and non-profit organizations to promote economically diverse housing in City neighborhoods, and to increase housing opportunities for working families and othe...
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