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ITEM 18
City Council Memorandum Neighborhood Resources Memo No.
NR24-009
Date:
April 18, 2024
To:
Mayor and Council
Thru:
Joshua H. Wright, City Manager
Tadd Wille, Assistant City Manager
Leah Powell, Neighborhood Resources Director
From:
Karin Bishop, Community Development Senior Program Manager
Subject:
Resolution No. 5793 Approving and Authorizing the City Manager to Allocate Fiscal Year 2024–2025 HOME Investment Partnerships Program Funds
Proposed Motion:
Move City Council pass and adopt Resolution No. 5793 approving and authorizing the City Manager or his designee to allocate Fiscal Year 2024-2025 HOME Investment Partnerships Program funds; authorizing execution of all contracts and subrecipient agreements; and authorizing the City Manager to take all actions necessary and prudent to implement the adopted FY 2024-2025 HOME funding allocations.
Background:
Each year, the City of Chandler receives federal HOME Investment Partnerships Program funding, administered by the United States Department of Housing and Urban Development (HUD), through the Maricopa HOME Consortium. Eligible HOME activities include building, buying, and/or rehabilitating affordable housing for rent or homeownership or providing direct rental assistance to individuals with low- and moderate-income. HOME-funded activities proposed by the city are included in Maricopa County’s Consolidated Plan and Annual Action Plan submitted to HUD.
The Chandler Housing and Human Services Commission (HHSC) approved the initial funding recommendations and contingency plan based on the anticipated formula funding for FY 2024-2025. HOME funds for FY 2024-2025 are proposed to be allocated to continue to support the Tenant-Based Rental Assistance (TBRA) Program, housing individuals and family households experiencing homelessness in Chandler.
In compliance with HUD regulations and the Citizen Participation Plan, the city held a 30-day public comment period regarding the initial HOME funding recommendations and contingency plan. The public comment period began Friday, March 15, 2024, and ended Sunday, April 14, 2024. In addition, two public hearings were held on March 6, 2024, and April 10, 2024, to ensure multiple opportunities for input from the community regarding the initial HOME funding recommendations for FY 2024–2025 and contingency plan.
Discussion:
To date, HUD has not released the FY 2024-2025 annual allocation to Grantees. At HUD’s guidance, the City of Chandler has prepared funding recommendations and a contingency plan based on the anticipated formula funding that it received in the prior fiscal year. The City of Chandler recommends funding in the amount of $415,056 to continue to support the Tenant-Based Rental Assistance (TBRA) Program, housing individuals and family households experiencing homelessness in Chandler, and $27,670 for program administration. The contingency plan states that any increase or decrease in HOME funding for FY 2024-2025 will be applied to the TBRA program. The formula amount for program administration will also be adjusted based on the total HOME allocation to the city. The FY 2024-2025 HOME Program Description and Funding Recommendation is attached.
Financial Implications:
Federal HOME funds require a 25% local match; the required match is provided by each funding recipient. The City of Chandler pays for services supported by HOME funds and then submits a request for reimbursement to Maricopa County.
Attachments
Resolution No. 5793
FY 2024-25 HOME Program Description and Funding Recommendation
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