Title
Vote to authorize reallocation of PY2012 HOME Investment Partnerships Program (HOME) Community Housing Development Organization (CHDO) operating expenses
Staff Summary
· Under the PY2012 Annual Action Plan, HOME funds were allocated to four CHDO organizations for operating expenses: Community Partners for Affordable Housing, Habitat for Humanity of Lake County, Lake County Residential Development Corporation, and YouthBuild Lake County; each entity was awarded $12,439.00.
· As of January 2014, YouthBuild Lake County had not been certified as CHDO, so was not under contract for the reserved 2012 CHDO operating funds. Due to the approach of the HOME 2012 commitment deadline, Community Development staff recommends reallocation of the funds to the three other funded CHDO organizations to use as operating as follows: Community Partners for Affordable Housing ($4,146.00), Lake County Residential Development Corporation ($4,146.00), and Habitat for Humanity of Lake County ($4,147.00).
· Upon approval of this reallocation, staff will submit complete the amendment process for the 2012 Annual Action Plan and amend existing contract documents accordingly.