Title
Joint resolution approving $300,000 of HOME Investment Partnerships American Rescue Plan Program (HOME-ARP) funds to Urban Muslim Minority Alliance (UMMA) for the development of four affordable rental units.
Staff Summary
• On March 14, 2023 the Lake County Board approved a HOME-ARP Allocation Plan which included $5,121,570 for the development of affordable rental housing.
• Lake County Community Development (CD) staff released a Notice of Funding Availability (NOFA) for the HOME-ARP funds on May 9, 2023.
• HOME-ARP application are received on a rolling basis and UMMA has applied for $300,000 of HOME-ARP to support the development of four (4) rental units.
• The Lake County Housing and Community Development Commission recommended the project for funding on August 9, 2023.
Body
RESOLUTION
WHEREAS, on March 14, 2023 the Lake County Board approved a HOME-ARP Allocation Plan which included $5,121,570 for the development of affordable rental housing; and
WHEREAS, project applications for HOME-ARP funds are being accepted on a rolling basis; and
WHEREAS, projects recommended for funding are subject to Lake County Housing and Community Development Commission (HCDC) and Lake County Board approval; and
WHEREAS, on August 9, 2023 the Lake County HCDC approved $300,000 of HOME-ARP funds to the Urban Muslim Minority Alliance (UMMA) for the development of four affordable rental units.
NOW, THEREFORE, BE IT RESOLVED, by this County Board of Lake County, Illinois, that an allocation of $300,000 of HOME-ARP funds be awarded to UMMA for the development of affordable rental housing; 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 HOME-ARP funded project.
DATED at Waukegan, Illinois on September 12, 2023.