Title
Approval of Home Investment Partnership Act (HOME) Consortium Agreement for PY2012-PY2014
Staff Summary
• As per HUD requirements (Federal Notice: CPD-08-01), Lake County must renew its HOME Investment Partnership Program Consortium Agreement with the Cities of North Chicago and Waukegan every three years in order for all three jurisdictions to continue operating as a consortium and thereby increase the level of available HOME funding.
• The current agreement runs through the end of PY2011 and the draft agreement will cover PY2012 through PY2014.
• This draft agreement was approved by the Council of the City of North Chicago on May 9th and the Council of the City of Waukegan on May 16th.
• Staff requests the approval of proposed draft agreement.