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20170515May15
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20170515May15
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12/7/2017 4:48:10 PM
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APPROPRIATION OF FUNDS FOR THE CITY OF CHARLOTTESVILLE ’S 2017-2018 HOME FUNDS $92,507.13 WHERE AS , the City of Charlottesville has been advised of the approval by the U.S. Department of Housing and Urban Development of HOME Investment Partnership s (HOME ) funding for the 2017-2018 fiscal year; WHEREAS , the region is receiving an award for HOME funds for fiscal year 17-18 of which the City will receive $58,520 to be expended on affordable housing initiatives such as homeowner rehab and downpayment assist ance . WHEREAS , it is a requirement of this grant that projects funded with HOME initiatives money be matched with local funding in varying degrees; BE IT RESOLVED by the Council of the City of Charlottesville, Virginia that the local match for the above listed programs will be covered by the Charlottesville Housing Fund (account CP -0084 in SAP system ) in the amount of $14,630 ; the resolution for this appropriation with come forward after July 1, 201 7. Project totals also include previous entitlement ma de available through program income of $19,357.13 . The total of the HUD money, program income, and the local match, equals $92,507.13 and will be distributed as shown below. PROJECTS Habitat for Humanity, DPA PHA, DPA HOME EN % MATCH MATCH OTHER TOTAL $4 0,00 0 20 % $10,000 $5 0,000 $18,520 20 % $4,630 $19,357.13 $42,507.13 * includes Program Income which does not require local match. BE IT FURTHER RESOLVED that this appropriation is conditioned upon the receipt of $58,520 from the Department of Housing and Urban Development. The amounts so appropriated as grants to other public agencies and private non-profit, charitable organizations (subreceipients) are for the sole purpose stated. The City Manager is authorized to enter into agreements wi th those agencies and organizations as he may deem advisable to ensure that the grants are expended for the intended purposes, and in accordance with applicable federal and state laws and regulations; and The City Manager, the Directors of Finance or Neighborhood Development Services, and staff are authorized to establish administrative procedures and provide for mutual assistance in the execution of the programs.
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