Title
A Resolution Of The City Commission Of The City Of Hollywood, Florida, Amending The One Year Action Plans For Federal Fiscal Years 2011-2012, 2016-2017, 2017-2018 And 2018-2019 To Allocate $168,498.84 Of Community Development Block Grant Funds And $199,830.28 Of Home Investment Partnerships Act Funds And To Re-Allocate $186,501.16 Of Community Development Block Grant Funds And $29,776.35 Of Home Investment Partnerships Act Funds Reserved For Community Housing Development Organizations; Amending The Fiscal Year 2019 Adopted Operating Budget (R-2018-301) For The Special Programs Fund (Fund 111).
Body
Staff Recommends: Approval of Attached Resolution.
Explanation:
At the completion of each fiscal year's budget, past program years are reviewed for program compliance. A review was conducted by the Department of Development Services, Community Development Division, and it was determined that there are un-expended CDBG and HOME program funds and Program Income as follows:
CDBG $355,000.77
HOME $229,606.63
HOME/CHDO $ 29,776.35
Staff has recommended uses for the aforementioned program funds and Program Income as follows:
CDBG
Section 108 Debt Payment $266,301.00
Micro-Enterprise Lending $ 55,000.00
General Administration $ 33,699.77
Total CDBG Investment $355,000.77
HOME
Tenant-Based Rental Assistance $179,847.26
General Administration $ 19,983.02
Total HOME Investment $199,830.28
HOME/CHDO
Single Family Home Construction $ 29,776.35
Total HOME/CHDO Investment $ 29,776.35
The recommended uses of the aforementioned program funds and Program Income complies fully with applicable regulations and will facilitate additional resources for projects aimed at Section 108 Debt Payments, Tenant-Based Rental Assistance, Micro-Enterprise Lending, Single-Family Housing Construction and General Administration. The Community Development Advisory Board conducted a public hearing on June 12, 2019 to revie...
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