Title
RESOLUTION AUTHORIZING A DECREASE OF $11,491 IN FY 2016 HUD HOME INVESTMENT PARTNERSHIPS (HOME) PROGRAM.
Body
CITY PROPOSAL:
RESOLVED, that the city council hereby changes the total expenditure of the 2016 HOME Program by an amount of $11,491 due to a decrease in the allocation to the city by HUD, and authorizes changes to contracts as set forth below:
2016 HOME PROGRAM - FUND 260, AGENCY 020, OBJECT 5434, PROJECT CD16HM
SUB-
PROJE CT ACTIVITY PROJECT AMOUNT NEW GRANT DIFFERENCE
GN14 1736 Homeless Rental $115,000 $110,000 ($5,000)
Asst. Program
(TBRA) - HRA
GN14 1738 Housing Rehab - $45,306 $39,965 ($5,341)
Housing Resource
Connection - HRA
GN14 AD03 Program Admin - $40,590 $39,440 ($1,150)
City
Statement of Purpose
STATEMENT OF PURPOSE: This resolution is to finalize the 2016 HOME Program portion of the Community Development program. The city budgeted $480,896 in Resolution 15-0861R. When the Department of Housing & Urban Development (HUD) officially notified the City of the 2016 allocation would be $469,405, which is a decrease of $11,491 from the anticipated amount. The community development committee considered these revisions and concurred with the recommended award reductions.