Title
Joint resolution approving Fourth Amendment to the 2015 Housing and Urban Development (HUD) Action Plan.
Staff Summary
* HUD requires the submission of an Annual Action Plan and associated amendments to govern expenditure of federal housing and community development funding for each year of grant funding.
* The Lake County HOME Investment Partnership (HOME) Consortium is comprised of Lake County and the Cities of Waukegan and North Chicago; all three jurisdictions receive Community Development Block Grant (CDBG) funding.
* The proposed Action Plan amendment shifts $100,000 of HOME funding from a planned rehabilitation of a to-be-determined scattered site rental unit for which an address was not identified on a timely basis to the owner-occupied rehabilitation program. In housing assistance programs, HOME funds can be committed immediately, meeting the June 30, 2017 HOME commitment deadline. Given substantial unmet demand for owner-occupied rehabilitation, this $100,000 in HOME funds will be spent before the HOME spending deadline in 2019.
Body
RESOLUTION
WHEREAS, the U.S. Department of Housing and Urban Development (HUD) requires the submission of an Annual Action Plan and associated amendments to govern the expenditure of federal funding; and
WHEREAS, the Lake County Citizen Participation plan requires the execution and approval of an Action Plan Amendment for any new project or major change in scope of project; and
WHEREAS, the Fourth Amendment to the 2015 Annual Action Plan shifts housing dollars from a rental rehabilitation project for an address not-yet-identified to a housing assistance program that meets the two-year HOME commitment deadline; and
WHEREAS, the Affordable Housing Advisory and Recommendation Committee (ARC) of the Housing and Community Development Commission (HCDC) recommended this housing assistance program (Owner-Occupied Rehabilitation) for funding; and
WHEREAS, the Housing and Community Development Commission (HCDC), at ...
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