Title
Joint resolution approving the Program Year (PY) 2023 Lake County Affordable Housing Program (LCAHP) grant awards.
Staff Summary
• In December 2022, Community Development staff received applications for eligible affordable housing programs and projects.
• The available affordable housing funding includes $281,000 of LCAHP Funds. The Fiscal Year (FY) 2023 budget for Affordable Housing is $270,000. In addition to the budget, the recommended programming includes reallocation of a project from 2019 that has been cancelled in the amount of $10,000, as well as $1,000 in program revenue from Prairie View Apartments.
• On February 27, 2023, the Housing and Community Development Commission voted to recommend LCAHP funds to the following:
o Catholic Charities - $91,000 for rapid rehousing;
o Community Partners for Affordable Housing - $40,000 for the support of housing assistance programs; and
o Lake County Housing Authority - $150,000 for a Landlord Outreach Program.
• Lake County Community Development receives a transfer of $30,000 from the General Fund to administer this program separate from the Affordable Housing budget.
Body
RESOLUTION
WHEREAS, Lake County has appropriated funds under the LCAHP to increase affordable housing opportunities to residents of Lake County; and
WHEREAS, the Health and Community Services and the Financial and Administrative Committees, having reviewed and approved these LCAHP funding recommendations, are recommending approval by the Lake County Board.
NOW, THEREFORE, BE IT RESOLVED, by this County Board of Lake County, Illinois, that that the 2023 LCAHP grants totaling $281,000 are hereby approved; and
BE IT FURTHER RESOLVED, that the County Board Chair or their designee is hereby authorized to execute all necessary documents including grant agreements, lien releases, loan modifications, lien subordinations, and other administrative documents necessary to carry out the LCAHP projects.
DATED at Waukegan, Illinois on March 14, 2023.