Explanation
BACKGROUND: This ordinance authorizes the appropriation of a portion of the FY 2017 HOME monies within the HOME Investment Partnerships Program to the Department of Development. Since the federal government has not yet finalized the 2017 funding levels for the HOME Program, an ordinance is needed to appropriate critical components of the program. Specifically, administrative dollars and funding for Tenant Based Rental Assistance (TBRA) activities are immediately needed.
The funds will be allocated as follows: $325,000 for the Affordable Housing Opportunity Fund - Tenant Based Rental Assistance (TBRA) and $300,000 for HOME administration. The balance of the HOME dollars will be requested to be appropriated and expended once the actual allocation amount is received from HUD.
The Community Shelter Board will subcontract with qualified nonprofit organizations to implement TBRA in accordance with HOME Fund regulations for TBRA. These entities will lease housing units for the Rebuilding Lives program. Then they will maintain and operate the housing units and related facilities to provide decent, safe and sanitary housing in accordance with the HUD Housing Quality Standards. The City's Consolidated Action Plan for 2015-2019 contains TBRA housing preference priorities for chronically homeless persons.
Emergency action is requested in order to ensure rental subsidies and administrative funds are in place for 2017.
FISCAL IMPACT: Funds for this expenditure are allocated from the Rebuilding Lives and the administrative funds set asides within the allocation of the 2017 HOME Funds. In addition, once the allocation amount is received from HUD, a request will be made to City Council to appropriate and expend the balance of the HOME dollars.
Title
To authorize an appropriation of $625,000.00 from the HOME Fund to provide funding for various approved 2017 programs; to authorize the Director of the Department of Development to enter into a contract with the...
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