Title
Discussion: Grant Performance Update (October 2018)
Staff Summary
• The Grant Performance Update policy, which was adopted on February 11, 2014, is meant to provide a framework for reporting of certain programs or projects funded with federal dollars.
• The Policy delineates the elevation procedure for troubled projects, the final stage of which is notification of the Housing & Community Development Commission (HCDC).
• Four projects are included in this October 2018 Update. Three projects’ federal grant funds must be rescinded due to compliance or feasibility problems. A fourth project requires a substantial budget increase to remain viable.