DATE: February 8, 2018
TO: Members of the Housing & Redevelopment Authority
FROM: Janine Atchison, Housing Coordinator
Title
Community Development Block Grant (CDBG) Substantial Amendment
Body
SUMMARY AND ACTION REQUESTED:
The Housing & Redevelopment Authority (HRA) is asked to approve a substantial amendment to CDBG fund allocation to utilize funds subject to recapture.
BACKGROUND:
In 2013, $15,000 in CDBG funds were allocated to the Down Payment Assistance (DPA) Program. The funds remained unspent and in 2016 $12,000 was transferred to another activity, specifically the purchase of North/South Oaks Apartments. The remaining $3,000 in the 2013 allocation for DPA has also remained unspent. The remaining $3,000 is subject to recapture on June 30, 2018.
In 2014, $20,000 in CDBG funds were allocated to the DPA program. The funds remain unspent and are subject to recapture on June 30, 2018.
An allocation of $30,000 in CDBG funds was made in 2013 for the Demolition and Clearance Program. In 2017, $11,398.50 remained unspent and was subject to recapture. The CDA approve the transfer of the unspent funds to the Downtown Historic District Residential Rehabilitation Program. There are still $1,398.50 in unspent funds for this activity which are subject to recapture on June 30, 2018.
The Residential Rehabilitation Program for the Cherry Park Neighborhood received additional CDBG funding in 2013. However, no applications were received in the program area. Some of the funds were used in neighborhoods previously designated for the program. The HRA changed the perimeters of the program in 2017. Some of the changes included making the program apply City wide and changing the $5,000 grant to a $10,000 forgivable loan. However, there are unspent funds of $7,387.63, which are subject to recapture on June 30, 2018.
Program Activity
Program Year
Unspent
DPA
2013
$3,000
DPA
2014
$20,000
Rental Rehab
2013
$1,398.50
Residential Rehab
2014
$7,387.63
Total
...
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