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AGENDA ITEM REVIEW FORM |
2.D.
Work Session
- Meeting Date:
- 04/03/2019
- Department Head:
- Jenny Torres
- Submitted By:
- Dania Castillo, Economic Development Assistant, Administration, Economic Development
Action Requested:
Discussion Item - No Action to be Taken
ITEM:
Discussion and possible directions to staff on any and all matters regarding Resolution No. 2071. A resolution of the Mayor and City Council of the City of San Luis, Arizona to execute an Intergovernmental Cooperative Agreement between City of San Luis, City of Somerton, City of Yuma, County of Yuma and Town of Wellton for the Consortium of the Federal HOME Program. (Jenny Torres, Economic Development Manager)
SUMMARY:
All the communities within Yuma County desire to join together to participate in the Yuma County HOME Consortium for the purpose of receiving HOME allocations directly from the federal government instead of applying for HOME funds from the state. The City of Yuma is the administrator for the program. The HOME consortium board is made up of a representative from each community. The HOME consortium board uses a point-based system to guide funding decisions to ensure equitable distribution of HOME dollars among all units of local government. An Intergovernmental Agreement, (IGA) would need to be approved by all units of local government in order to re-submit the request to continue to be consortium to the state and federal agencies.
The HOME Consortium has directed approximately $1.8 million toward creating and preserving affordable housing. A list of HOME funding recipients, projects, location, and funding is attached for your review. Staff is recommending that we enter into a renewal IGA and continue to participate in the Yuma County HOME Consortium for another three-year period.
The HOME Consortium has directed approximately $1.8 million toward creating and preserving affordable housing. A list of HOME funding recipients, projects, location, and funding is attached for your review. Staff is recommending that we enter into a renewal IGA and continue to participate in the Yuma County HOME Consortium for another three-year period.
RECOMMENDATION / SUGGESTED MOTION:
Discussion and possible directions to staff only, no action.
Fiscal Impact
- IS THERE FISCAL IMPACT ASSOCIATED WITH THIS ITEM:
- No
- CITY/STATE/FEDERAL FUNDS:
- N/A
- TOTAL:
- N/A
- BUDGETED AMOUNT:
- N/A
- AVAILABLE AMOUNT TO TRANSFER:
- N/A
- ACCT NAME & GL#/REMAINING BALANCE BEFORE PURCHASE:
- N/A
FISCAL IMPACT STATEMENT (IF THIS IS A BUDGET TRANSFER, YOU MUST ATTACH THE BUDGET ADJUSTMENT FORM):
No fiscal impact. The Home Consortium will apply for funds from the HOME program, if the application is accepted it is anticipated that this will bring funds to San Luis.