Title
Joint resolution approving the Second Amendment to Program Year (PY) 2021 the U.S. Department of Housing and Urban Development (HUD) Annual Action Plan (AAP).
Staff Summary
* HUD requires the submission of an AAP and associated amendments to govern expenditure of federal housing and community development funding for each program year.
* The second amendment to the PY 2021, approved by the Lake County Housing and Community Development Commission (HCDC) on August 25, proposes the following changes:
o Supplemental funding for previously approved projects including a senior housing construction, affordable housing rehab and resale, a community integrated living arrangement and down payment assistance.
o Reallocation of prior program year funding to support the acquisition and rehabilitation of scattered site properties from the Lake County Housing Authority (LCHA).
o Change in subrecipient from Lake County Administrator's Office to the Independence Center for facility improvements at the Living Room Wellness Center.
* Contingency fund approvals will be subject to specific administrative approval mechanisms and Board Committee reporting requirements for contract contingencies.
Body
RESOLUTION
WHEREAS, HUD requires the submission of an Annual Action Plan (AAP) to govern the expenditure of federal entitlement funding; and
WHEREAS, timely spending of HUD entitlement funds is evaluated for compliance on an annual basis; and
WHEREAS, the Lake County Housing Authority (LCHA) is executing a repositioning of assets that includes the disposition of single-family scattered site rental properties; and.
WHEREAS, the Lake County Housing and Community Development Commission (HCDC) approved a special affordable housing application round as a mechanism to increase spending; and
WHEREAS, applicants submitted funding requests to preserve affordable housing through the acquisition and rehabilitation of LCHA properties; and.
WHEREAS, applications were reviewed, scored ...
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