Title
FY 2010 HOME Program Community Housing Development Organization Funding (CHDO) (NB)
The purpose of this item is to approve additional HOME Program CHDO funding in the amount of $39,951 for the Neighborhood Housing & Development Corporation.
Explanation
On July 28, 2009, the City Commission approved the allocation of Community Development Block Grant (CDBG) and HOME Investment Partnerships (HOME) funds for various local programs, including programs administered by nonprofit community organizations. At the time, the City had not received sufficient requests for the HOME Community Housing Development Organization (CHDO) funding category. The HOME Program required that a minimum of 15% of the base grant received by the Grantee must be allocated for qualified CHDO projects. In the case of the City's FY 2010 HOME grant, we needed to allocate at least $138,183 for CHDO projects. A total of $139,951 was reserved for CHDO projects. Since only $100,000 could be allocated at that time, due to a lack of qualified proposals, $39,951 was held in reserve to be re-advertised.
Staff re-advertised the additional $39,951 on January 25, 2010, and received a single proposal from the Neighborhood Housing & Development Corporation (NHDC). NHDC proposed to use these funds to expand its homeownership program that involves building or substantially rehabilitating homes in the Gainesville City limits to be sold to income-eligible homebuyers. The additional funds will assist one or two houses. Staff has determined that this is a CHDO-eligible activity and that NHDC qualifies as a CHDO under the HOME program.
The NHDC proposal was submitted to the Citizens Advisory Committee for Community Development (CACCD) for review and recommendation on February 16, 2010. The CACCD concurred with staff's recommendation and recommended to the City Commission that the additional $39,351 be awarded to NHDC.
Fiscal Note
Undesignated funds for this purpose are available in t...
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