DATE: August 27, 2019
TO: Members of the Housing & Redevelopment Authority
FROM: Janine Atchison, Housing Coordinator
Title
2nd Quarter Community Development Block Grant Report
Body
SUMMARY AND ACTION REQUESTED:
The Housing & Redevelopment Authority (HRA) to review the 2nd quarter Community Development Block Grant (CDBG) Report.
BACKGROUND:
The HRA receives approximately $63,000 in CDBG funds each year through the Dakota County Community Development Agency (CDA). In their annual application for CDBG funds, the City requests funds for the next fiscal year (FY). The funds requested are designated for individual programs such as down payment assistance (DPA), Home Matters Homeowner Rehabilitation, Northern Oaks rehabilitation programs, manufactured home rehabilitation, etc. The annual application includes the amount or portion of the total allocation to be devoted to each existing or new program. The application is approved by the CDA. Funds are generally made available between July and October of the fiscal year.
Funds that are not utilized within 4 FY are subject to recapture by the Department of Housing & Urban Development (HUD). Funds that are not utilized within 3 FY are subject to recapture and redistribution by the CDA.
ANALYSIS:
Staff completed one DPA loan in the amount of $15,000 during the 2nd quarter of 2019. The loan amount was reimbursed to the HRA by the CDA.
Staff is currently working with 2 applicants for the Home Matters Homeowner Rehab program. Applicants have been deemed income eligible, initial inspection completed and scope of work defined. Applicants will get bids from qualified contractors. Once the lowest qualified bid is determined, the work will then be scheduled.
Work has commenced at the Northern Oaks Townhome Project. The City Council approved the sub-recipient agreement with property owners Three Rivers Community Action Agency (Three Rivers) on August 5, 2019. Three Rivers will be able to draw down CDBG...
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