Title
Joint resolution approving Program Year 2021 (PY) 2021 Lake County Affordable Housing Program (LCAHP) grant awards.
Staff Summary
• In January 2021, Community Development staff received applications for eligible affordable housing programs and projects.
• The available affordable housing funding includes $381,531 of Lake County Affordable Housing Program (LCAHP) Funds.
• On March 10, 2021, the Housing and Community Development Commission voted unanimously to recommend LCAHP funds to the following:
o Catholic Charities - $150,000 for rapid rehousing;
o Community Partners for Affordable Housing - $40,000 or the support of housing assistance programs;
o Full Circle Communities - $83,828 for a supportive housing development in Highwood, Illinois;
o Lake County Community Development - $30,000 program administration; and
o Lake County Community Development - $77,703 Zion Woods holdback.
Body
RESOLUTION
WHEREAS, Lake County has appropriated funds under the LCAHP to increase affordable housing opportunities to residents of Lake County; and
WHEREAS, the Health and Community Services and the Financial and Administrative Committees, having reviewed and approved these LCAHP funding recommendations, are recommending approval by the Lake County Board.
NOW, THEREFORE, BE IT RESOLVED, by this County Board of Lake County, Illinois, that that the 2021 LCAHP grants totaling $381,531 are hereby approved; and
BE IT FURTHER RESOLVED, that the Chair of the County Board or their designee is hereby authorized to execute all necessary documents including grant agreements, lien releases, loan modifications, lien subordinations, and other administrative documents necessary to carry out the LCAHP projects.
DATED at Waukegan, Illinois on May 11, 2021.