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Item 4: 2013/14 Funding Allocations for Federal CDBG and HOME Programs+attachments.docx
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Item 4: 2013/14 Funding Allocations for Federal CDBG and HOME Programs+attachments.docx
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Agenda Item Summary
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4/22/2013
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ATTACHMENT B <br />HOME Sources and Recommended Uses Table and Summary Descriptions <br /> <br />SOURCES OF FUNDS AMOUNT <br /> <br />NEW HOME ENTITLEMENT GRANT $659,774 <br /> <br />UNUSED FUNDS FROM PREVIOUS YEAR(S) $322,728 <br /> <br />PROGRAM INCOME $96,538 <br /> <br />TOTAL $1,079,040 <br /> <br />RECOMMENDED USES OF FUNDS AMOUNT <br /> <br />HOUSING DEVELOPMENT $783,536 <br /> <br />HOMEBUYER ASSISTANCE PROGRAM $0 <br /> <br />SECURITY DEPOSIT/RENTAL ASSISTANCE $100,000 <br /> <br />CHDO OPERATING SUPPORT $32,989 <br /> <br />ADMINISTRATION <br />(10% NEW +10% PROGRAM INCOME) $75,631 <br /> <br />CARRY FORWARD $86,884 <br /> <br />TOTAL $1,079,040 <br /> <br />Housing Development – $783,536 is recommended to support Housing Development activities <br />including acquisitions, new development construction, rehabilitation, and project-related soft <br />costs incurred by the jurisdictions. Funds can be used for rental or homeownership developments. <br />Eugene awards funds allocated for Housing Development through an annual RFP process. <br /> <br />Homebuyer Assistance Program (HAP) – No funds are recommended to support this program <br />in FY 2013/2014. <br /> <br />S:\CMO\2013 Council Agendas\M130422\S1304224+attachments.docx <br /> <br />
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