Explanation
BACKGROUND: This legislation authorizes the Director of Development to enter into grant agreements with four (4) Community Housing Development Organizations (CHDO’s) for operating support and authorize the appropriation and expenditure in an amount up to $200,000.00, with the agreement term starting January 1, 2025 and ending December 31, 2025 utilizing the 2025 HOME Investment Partnerships program grant. The grant agreements with the four CHDO’s will be in an amount up to $50,000.00 each.
The City is a participating jurisdiction receiving federal funds under the HOME Investment Partnerships Program (HOME) of the U.S. Department of Housing and Urban Development (HUD). CHDO’s are nonprofit organizations that work within neighborhoods to develop affordable housing through rehabilitation of existing housing stock and new in-fill construction. CHDO operating expenses shall be reimbursed to Homes on the Hill CDC, Gertrude Wood Community Foundation, Franklinton Development Association, and Community Development for all People for operating expenses for the purpose of developing affordable housing.
The regulations of the program provide that up to five percent of the annual allocation may be granted to Community Housing Development Organizations (CHDO’s) to pay operating costs of the agencies with the contracts and agreement terms starting January 1, 2025 through December 31, 2025.
This legislation represents appropriation for a part of the HOME portion of the 2025 DRAFT Action Plan, per Ordinance 2968-2024.
FISCAL IMPACT: Funding for this agreement in the amount of $200,000.00 is supported by the 2025 HOME Investment Partnership Grant (G442402)
CONTRACT COMPLIANCE: The vendor’s contract compliance numbers are as follows:
Homes on the Hill CDC number 005144 expires 08/21/2026
Gertrude Wood Community Foundation number 008062 expires 06/30/2025
Franklinton Development Association number 005222 expires 04/07/2025
Community Development for all People ...
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