RESOLUTION R-19-126 Amended
12. Rental Rehab Program - $54,894
Pilot program utilizing reprogrammed funds from FY18 HIP loan pool, offering 0%
interest, deferred payment loans for essential repairs of residential rental properties
containing 1-8 units, occupied by income eligible tenants. Financing and other terms
more fully described in the Program’s Guidelines. Properties located in the City’s lowest
income census tracts will receive priority.
13. Contingency — $8,049.34
Reserve funds that may be applied to any of the activities described herein for unforeseen
costs. Funds may be directed to other unforeseen eligible community needs, subject to
Board of Aldermen approval. Contingency budget may be adjusted to reflect an increase
or decrease in the annual CDBG allocation, as announced by HUD following approval of
this Resolution. If CDBG award is significantly less than anticipated and this
Contingency line cannot cover the reduction, all activities will be adjusted
proportionately.
That all open and active CDBG activities from previous Action Plans be carried forward and
entered in the FY20 Action Plan as applicable; and
That the following HOME activities be carried out with an annual grant of $359,905:
1. HOME Grant Administration - $35,990.50
Administration of the HOME Program by the Urban Programs Department, including
determining eligibility, technical assistance to participants, compliance with program
regulations, underwriting, preparation and review of construction specs, environmental
review, long-term monitoring and reporting to HUD.
2. Community Housing Development Organization (CHDO) Reserve - $53,985.75
Mandatory set aside, equal to 15% of the annual grant, for specific activities to be undertaken
by a private nonprofit, community-based organization that has staff with the capacity to
develop affordable housing for the community it serves. In order to qualify for designation as
a CHDO, the organization must meet certain requirements pertaining to their legal status,
organizational structure, capacity and experience as it relates to the project they are
developing.
3. Affordable Housing Development - $269,928.75
Acquisition, rehabilitation and /or conversion of residential and/or non-residential buildings
to create affordable rental and/or home-owner housing, occupied by HOME-eligible
households. Projects may be developed by non-profit, for-profit, public or private entities.
