Special Notice / Hearing: None__
Vote Required: Majority
To: Honorable Board of Supervisors
From: Raymond Hodges, Director, Department of Housing
Subject: Adjusting federal funding sources
RECOMMENDATION:
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Adopt a resolution:
A) Approving the use of $1,002,195.84 in HOME Investment Partnership Program ("HOME") funding instead of $1,002,195.84 in Community Development Block Grant ("CDBG") funding for the HumanGood Affordable Housing and Rotary Plaza, Inc.'s Rotary Gardens Affordable Housing Fund 12 ("AHF 12") approved project, thereby modifying the use of funds for the project set forth in the FY 2024-25 Annual Action Plan; and
B) Approving the use of $609,941 in CDBG funding instead of $609,941 in HOME funding for Coastside Associates' Moonridge I project, thereby modifying the use of funds for the project set forth in the FY 2022-23 Annual Action Plan; and
C) Approving the use of $613,780 in CDBG funding instead of $613,780 in HOME funding for the Moonridge Associates' Moonridge II project, thereby modifying the use of funds for the project set forth in the FY 2022-23 Annual Action Plan; and
D) Authorizing the Director of the Department of Housing or designee, to take all necessary actions in connection with the submission of any amendments to the FY 2022-23 and FY 2024-25 Annual Action Plans, including providing additional information that the federal government may require and to reallocate funding across approved projects as may be necessary and advisable within the fiscal limits specified in these Annual Action Plans, and to negotiate and execute contracts, acting in consultation with the County Attorney to give effect to the Annual Action Plans.
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BACKGROUND:
The County receives funding allocations from the United States Department of Housing and Urban Development ("HUD") under three entitlement programs: Community Development Block Grant ("CDBG"), Home Investments Partnership Program ("HOME"), and the Emergency Solut...
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