DEPARTMENT: Neighborhood and Housing Services
DEPARTMENT HEAD: Ver?nica R. Soto, AICP, Director
COUNCIL DISTRICTS IMPACTED: 1, 3, 4, 5, 8 and 10
SUBJECT:
FY 2020 Affordable Housing Development Funding Recommendations
SUMMARY:
Consideration of an Ordinance approving Substantial Amendment #1 (Part 1) to the FY2020 HUD Action Plan and Budget and awarding up to $5,518,760 in Community Development Block Grant (CDBG) funding; up to $1,849,000 in HOME Investment Partnerships Program (HOME) funding; and up to $2,874,000 in Affordable Housing Fund to several affordable housing projects and activities.
BACKGROUND INFORMATION:
On August 8, 2019, City Council approved the FY 2020 Action Plan and Budget for the four federal grant programs funded by the U.S. Department of Housing and Urban Development (HUD) which include the Community Development Block Grant (CDBG), HOME Investment Partnerships Program (HOME), Emergency Solutions Grant (ESG), and Housing Opportunities for Persons with AIDS (HOPWA) Program. The total budget was $23.6 million of which $7.5 million was budgeted for affordable rental and homeownership housing development and $150,000 was budgeted for Community Housing Development Organization (CHDO) Operating Expense funding. In addition to the $7.5 million in HOME and CDBG funding, the FY 2020 Affordable Housing Budget included $6.2 million for an Affordable Housing Fund that was funded by several Tax Increment Reinvestment Zones.
On September 12, 2019, City Council approved the evaluation criteria to be used by staff when evaluating rental and homeownership housing developments that are seeking federal funds from the City to assist with their project. The City issued Requests for Applications for both Rental and Homeownership Housing Development on September 13, 2019 and held pre-submittal conferences on September 25, 2019. On October 28, 2019, staff received eight rental housing development applications and three homeownership housing...
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