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approximately $347,404.92 in HOME-ARP funds to support the development of affordable rental units within the city limits, and <br />WHEREAS City Council has received recommendations for the expenditure of funds <br />from the city’s CDBG/HOME Task Force, as reviewed and approved by the City Planning Commission, which conducted a public hearing thereon as provided by law, now <br />BE IT RESOLVED by the City Council of Charlottesville, Virginia, that upon receipt of anticipated HOME-ARP funding from the U.S. Department of Housing and Urban <br />Development (HUD), said funds are hereby appropriated to the following individual <br />expenditure accounts in the city’s HOME Fund in accordance with the respective purposes set <br />forth; provided, however, that the City Manager is hereby authorized to transfer funds <br />between and among such individual accounts as circumstances <br />may require, to the extent permitted by applicable federal grant regulations, as set forth <br />below: HOME-ARP American Rescue Plan <br /> Subtotal HOME-ARP Funding Recommendations $347,404.92 HOME Local Match Funds <br />The customary local matching funds requirement for HOME programs has been waived by <br />HUD for HOME-ARP. <br />BE IT FURTHER RESOLVED that this appropriation is conditioned upon the <br />receipt by the City of not less than $347,404.92 in HOME-ARP funds from the Department of <br />Housing and Urban Development for FY 2023-2024, and all subrecipient awards are also conditioned upon receipt of such funds, and <br />BE IT FURTHER RESOLVED that in the event that HOME-ARP funding received <br />from the U.S. Department of Housing and Urban Development for FY 2023-2024 differs from <br />the amounts referenced above, all appropriated amounts may be administratively increased/reduced at the same prorated percentage of change to actual funding received. No subrecipient’s grant may be increased above their initial funding request without further consideration by Council. <br /> <br />BE IT FURTHER RESOLVED that the amounts appropriated above within this <br />resolution will be provided as grants to public agencies or private non-profit, charitable organizations (individually and collectively, “subrecipients”) and shall be utilized by the <br />subrecipients solely for the purpose stated within their grant applications. The City Manager <br />is hereby authorized to enter into agreements with each subrecipient as deemed advisable, to <br />Fund Account Code Taskforce Funding Recommendation Proposed Award <br />210 1900533 Continued Rehabilitation Repairs to Preserve CSH Affordable Rental Housing (Community Services Housing, Inc.) <br />$67,361.00 <br />210 1900534 1025 Park Street Redevelopment (Piedmont Housing Alliance) $280,043.92 <br />