Title
Joint resolution authorizing the second amendment to the Lake County 2013 Annual Action Plan to add HOME detailed funding recommendations.
Staff Summary
· The Lake County Board approved the 2013 Annual Action Plan on March 12, 2013 and a subsequent First Amendment on August 13, 2013.
· After completion of a HOME application process, review by the CDC Affordable Housing Application Review Committee (ARC) and required public processes, the Commission reviewed and approved ARC recommendations for HOME Program allocations and other 2013 Action Plan updates.
· The Second Amendment allocates specific HOME funding amounts to HOME-eligible activities, as recommended by the ARC, expands the available disposition methods for HOME-funded projects to include lease-purchase and includes a provision for the County to complete a local market study to determine maximum unit purchase price and 95 percent of value for HOME-funded projects.
· The Second Amendment also updates narrative text, HOME program charts, and documents the specific projects and funding amounts to be allocated under the HOME program, as required.
Body
WHEREAS, the U.S. Department of Housing and Urban Development (HUD) requires the submission of an Annual Action Plan as application for Community Development Block Grant funding (CDBG), Home Investment Partnerships (HOME) funding, and Emergency Shelter Grant (ESG) funding; and
WHEREAS, the County Board has annually approved the County’s Annual Action Plan, which outlines activities to be taken to accomplish the goals of the County’s 2010 - 2014 Housing and Community Development Consolidated Plan, with the 2013 Action Plan approved on March 12, 2013; and
WHEREAS, the First Amendment of the 2013 Action Plan was approved by the County Board on August 13, 2013 and approved by HUD; and
WHEREAS, the CDC, having reviewed and approved the funding recommendations of its Affordable Housing Application Review Committee (ARC); and
WHEREAS, the Health & Commu...
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