Share to Facebook Share to Twitter Bookmark and Share
File #: 2020-783    Version: 1 Name:
Type: Consent Status: Agenda Ready
File created: 11/9/2020 In control: City Council
On agenda: 2/16/2021 Final action:
Title: CONSIDER RE-ALLOCATION OF FUNDING FOR THE HOME GRANT 16-11382 TO FUND OWNER-OCCUPIED REHABILITATION PROJECTS (CITY COUNCIL)
Attachments: 1. Resolution No. 20-108, 2. Amended Standard Agreement
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
No records to display.
Report to Mayor and City Council
Tuesday, February 16, 2021
Consent


SUBJECT:
Title
CONSIDER RE-ALLOCATION OF FUNDING FOR THE HOME GRANT 16-11382 TO FUND OWNER-OCCUPIED REHABILITATION PROJECTS (CITY COUNCIL)

Body
I. SUMMARY

Pursuant to its December 2016 Notice of Funding Availability, the California Department of Housing and Community Development (HCD) awarded the City a HOME Investment Partnership Program (HOME) grant of $500,000 to fund an Owner-Occupied Rehabilitation Program. Approximately $200,000 of this grant remains uncommitted. Shortly after the Pandemic started, HCD added Tenant-Based Rental Assistance as an authorized expenditure of the HOME funds. On July 7, 2020, the City Council adopted Resolution No. 20-108 authorizing the reallocation of the remaining $200,000 to Tenant-Based Rental Assistance. Subsequently, the City Council dedicated $435,932 of CDBG and CDBG-CV funds to the Tenant-Based Rental Assistance Program, $339,714 of which is still available. Staff is requesting the City Council consider re-allocating $200,000 from the Tenant-Based Rental Assistance back to the Owner-Occupied Rehabilitation Program. These funds are required to be expended by July 31, 2021.



II. RECOMMENDATION
Recommendation

1. APPROVE re-allocation of HOME Funding in the amount of $200,000.
2. AUTHORIZE the City Manager to provide the correspondence to HCD requesting re-allocation of HOME funds to the Owner-Occupied Rehabilitation Program projects.


Body
III. ALTERNATIVES

TAKE another action the City Council deems appropriate.

IV. BACKGROUND

The HOME program is a Federal housing assistance program provided by the U.S. Department of Housing and Urban Development (HUD) and administered on the state level by HCD. Currently the HOME program provides a deferred loan with a maximum loan amount up to $50,000 for owner-occupied home improvement repairs. The homeowner must meet the current HUD income guidelines published April 30th, 2020. The post-rehabi...

Click here for full text