Title
A Resolution Of The City Commission Of The City Of Hollywood, Florida, Authorizing The Appropriate City Officials To Execute The Attached Home Program Agreement Between Liberia Economic And Social Development, Inc. (LES) And The City Of Hollywood For The Construction Of A Single Family Home Using Home Investment Partnership Act Community Housing And Development Organization Set-Aside Funds In The Amount Of $59,552.70.
Body
Staff Recommends: Approval of the attached Resolution.
Explanation:
The City of Hollywood has been designated by the United States Department of Housing and Urban Development (HUD) as a participating jurisdiction for the receipt and use of funds as provided by the HOME Investment Partnership Program (HOME Program) as provided in 24 CFR Part 92.
HOME requires a 15% set-aside for organizations qualified as a Community Housing Development Organization (CHDO).
Liberia Economic and Social Development, Inc. (LES) is fully qualified as a CHDO as required by 24 CFR 92.2 and possesses the requisite skills, knowledge, qualifications and experience to provide single family housing construction services with the 15% set aside dollars.
The attached agreement between LES and the City of Hollywood allows for the construction of a single family home using set-aside dollars.
Subject to the approval of the proposed resolution by the City Commission, an amendment to the adopted and approved FY 2015 Operating Budget to reauthorize and re-appropriate the existing funding from the identified line item at the end of FY 2013 to the same account in FY 2015 will be brought forward for City Commission approval.
Recommended for inclusion on the agenda by:
Cathy Swanson-Rivenbark, City Manager
Wazir A. Ishmael, Ph.D., Assistant City Manager for Sustainable Development
Davon Barbour, Director, Community & Economic Development