Item 5: 2012/13 Funding Allocations for CDBG and HOME

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Homebuyer Assistance Program (HAP) – No funds are recommended to support this program in FY 2012/2013. Security Deposit Assistance Program – There is a community need for security deposit and initial lease assistance to help very-low income persons attain rental housing. Although a security deposit assistance program would help meet this need, funding available to support staff time necessary to implement such a program is not available. HPB recommends reallocating the funds dedicated to the program last year (FY 2011/12) to each City’s Housing Development program in FY 2012/13. Community Housing Development Organization (CHDO) Operating Funds – $34,407 is recommended for CHDO operating support to expand the capacity of CHDOs to develop affordable housing. All CHDOs must be certified or recertified each year in order to receive CHDO Operating Funds. In addition to meeting organizational requirements, recipients of operating support must agree to apply for HOME project funds or have a HOME project underway. Past recipients include: Mainstream Housing, Inc, Metropolitan Affordable Housing Corporation (Metro), Neighborhood Economic Development Corporation (NEDCO), and St. Vincent de Paul Society of Lane County, Inc. Administration – $68,814 is recommended for Administration costs to be paid for with New Home funds. The Federal grant management system automatically budgets 10% of new HOME funds for administration. Administration activities include support for project implementation, development of the annual action plan and year-end report, staff support for the HOME allocation process, annual project monitoring, general program administration, and other regulatory compliance requirements. The Consortium may also use up to 10% of any HOME Program Income received during the year for administration. Program Income is estimated yearly and, historically, as it is realized it is allocated to the HAP program. With the exclusion of an allocation to the HAP program, Eugene will use 10% ($8,500) of FY 2012/13 Program Income for eligible administration costs and the remainder of Program Income realized shall be carried forward for use in the housing development program next year (FY 2013/14). S:\CMO\2012 Council Agendas\M120423\S1204235.doc