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Item 5: 2011/12 Funding Allocation for Federal CDBG and HOME Programs
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Item 5: 2011/12 Funding Allocation for Federal CDBG and HOME Programs
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4/22/2011 11:32:17 AM
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Agenda Item Summary
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4/25/2011
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Community Development Housing Organization (CHDO) Operating Funds <br /> – $48,000 is <br />recommended for CHDO operating support to expand the capacity of CHDOs to develop affordable <br />housing. All CHDOs must be certified or recertified each year in order to receive CHDO Operating <br />Funds. In addition to meeting organizational requirements, recipients of operating support must agree to <br />apply for HOME project funds or have a HOME project underway. Past recipients include: Mainstream <br />Housing, Inc, Metropolitan Affordable Housing Corporation (Metro), Neighborhood Economic <br />Development Corporation (NEDCO), and St.Vincent dePaul Society of Lane County, Inc. <br /> <br />Administration - <br /> $95,470 is recommended for Administration costs. The Federal grant management <br />system automatically budgets 10% of new HOME funds for administration. Administration activities <br />include support for project implementation, development of the annual action plan and year-end report, <br />staff support for the HOME allocation process, annual project monitoring, general program <br />administration, and other regulatory compliance requirements. <br />\\Cesrv500\cc support\CMO\2011 Council Agendas\M110425\S1104255 - and att's A,B and C.doc <br /> <br />
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