Title
Joint resolution approving the Second Amendment to Program Year (PY) 2023 Department of Housing & Urban Development (HUD) Annual Action Plan (AAP).
Staff Summary
• HUD requires the submission of an Annual Action Plan (AAP) and associated amendments to govern expenditure of federal housing and community development funding for each program year.
• The second amendment to the PY 2023 AAP makes the following changes:
o Allocation of $165,084.70 of CDBG Program Income (PI) to Community Partners for Affordable Housing (CPAH) for the acquisition of an affordable rental property.
o Reallocation of $184,915.30 of HOME and CDBG from an approved CPAH multifamily new construction (Lake Plane Senior Residences) project to CPAH for the acquisition of an affordable rental property.
Body
RESOLUTION
WHEREAS, the U.S. Department of Housing and Urban Development (HUD) requires the submission of an Annual Action Plan (AAP) to govern the expenditure of federal entitlement funding; and
WHEREAS, an amendment to the AAP is required to substantially change the purpose, location, scope or beneficiaries of a project; and
WHEREAS, the proposed second amendment to the Program Year (PY) 2023 AAP allocates a total of $350,000.00 of CDBG funds to Community Partners for Affordable Housing (CPAH) for the acquisition of 2 units of affordable rental housing; and
WHEREAS, a total of $165,084.70 of the funds consist of unallocated Program Income (PI); and
WHEREAS, a total of $184,915.30 of the funds are reallocated from a PY 2023 affordable housing grant awarded to CPAH.
NOW, THEREFORE, BE IT RESOLVED, by this County Board of Lake County, Illinois, that the second amendment to the PY 2023 AAP is hereby approved and an emergency appropriation in the amount of $165,084.70 is hereby authorized in the Fiscal Year 2023 budget in the Fund 740 HUD Grants budget as detailed in the attachment; and
BE IT FURTHER RESOLVED, that the Chair of the Lake County Board or their designee is hereby authorized to execute the necessary documents to complete the submission of the amended PY 2023 AAP.
DATED at Waukegan, Illinois on September 12, 2023.