Explanation
Background: This ordinance authorizes the appropriation of $388,000.00 from a combination of the anticipated FY 2021 HOME Investment Partnerships Program (HOME) grant funding from the U.S. Department of Housing and Urban Development (HUD) ($300,000.00) and from the 2020 HOME program income received in program year 2020 ($88,000.00) for some of the Department of Development’s Housing Division 2021 personnel costs.
These funds are for a portion of the 2021 Housing Division budget for personnel expenses (other funding is provided by the general fund and another federal grant) and are a portion of the HOME Administration monies anticipated to be received in the 2021 grant and a portion of the available 2020 program income funds available for the 2021 HOME budget. Additional ordinances may be forthcoming later in 2021 to appropriate the balance of the HOME Administration grant funds and/or 2020 program income available for personnel expenses for the remainder of the year, once the 2021 grant amount is known.
This legislation represents appropriation for the HOME portion of the 2021 Action Plan, per Ordinance 2345-2020. Passage of this ordinance is contingent upon passage of the 2021 Action Plan ordinance.
Emergency action is requested in order to ensure personnel funds are in place for FY 2021 at the start of FY 2021.
Fiscal Impact: Funds in the amount of $300,000.00 for this appropriation are supported by the anticipated HOME entitlement award from the U.S. Department of Housing and Urban Development (HUD) and are allocated from the HOME Administrative monies set aside within the 2021 HOME Grant (G452000). Funds in the amount of $88,000.00 are available as program income, cash on hand, in the 2020 HOME Grant (G451903). The unappropriated balance of this fund and grant (G451903), program income only, is approximately $888,455.00.
Title
To authorize the appropriation of $300,000.00 from the FY 2021 HOME Administration monies within the HOM...
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