| | | | | | | | CITY OF PEORIA, ARIZONA
COUNCIL COMMUNICATION | Agenda Item: 6C. |
| Date Prepared: 3/20/2024 | Council Meeting Date: 4/2/2024 |
|
| | | | | | | | | TO: | Mike Faust, City Manager
|
|
| | | | | | | | THROUGH:
| Mike Faust, Deputy City Manager |
|
| | | | | | | | | FROM:
| Chris Hallett, Neighborhood & Human Services Director
|
|
| | | | | | | | SUBJECT:
| Intergovernmental Agreement, Maricopa County HOME Consortium, Use of Federal Fiscal Year 2023 HOME Investment Partnership Program Grant Funds; Annual Allocation |
|
| | | | | | | | Purpose:
Discussion and possible action to: (a) approve an amendment to the Federal Fiscal Year 2022 Intergovernmental Agreement (LCON06921A) with Maricopa County governing the City’s annual HOME Investment Partnership Program grant allocation to include the Federal Fiscal Year 2023 (current) allocation of $297,476, in accordance with budget authority previously approved by Council; and (b) authorize Staff to execute all required documents. |
| | | | | | | | Summary:
The U.S. Department of Housing and Urban Development (HUD) allows units of local government that are geographically contiguous to form a consortium for the purpose of participating in the HOME Investment Partnership Program (HOME) and receiving annual allocations of funds to further affordable housing projects. As allowed, the Cities of Avondale, Chandler, Glendale, Peoria, Scottsdale, Surprise and Tempe, the Town of Gilbert and the County of Maricopa collectively formed the Maricopa HOME Consortium (Consortium) with Maricopa County acting as the Lead Agency and HUD providing regulatory oversight.
HUD requires each member of the Consortium to execute an annual Intergovernmental Agreement with the Lead Agency in order to receive the formula allocation of Consortium grant funds.
The City’s allocation of HOME funds for Federal Fiscal Year 2023 was $297,476. After recommendation by the Council Not-For-Profit Review and Housing Subcommittee, the City Council approved the funds to be used as follows:
|
Agency
|
Description
|
Funding
|
|
Newtown Community Development Corporation
|
Community Land Trust Program – Acquisition, Rehabilitation and Resale
|
$278,884
|
|
City of Peoria
|
Administration
|
$18,592
|
|
|
Total
|
$297,476
|
|
| | | | | | | | Previous Actions/Background:
- May 16, 2023 – Federal Fiscal Year 2023 Allocation approved with the City Council
- Final budget adoption May 2, 2023 – Federal Fiscal Year 2023 Allocation approved with the City Council tentative budget adoption.
- March 2, 2023 – Federal Fiscal Year 2023 Allocation recommendation determined by the Council Not-For-Profit Review and Housing Subcommittee
|
| | | | | | | | Staff Recommendation:
Staff recommends that the City Council approve the requested amendment to the Intergovernmental Agreement LCON06921A. This will allow the City to administer the HOME Program grant as envisioned through the budget, as well as, comply with HUD regulations in order to receive the formula allocation of Consortium HOME grant funds. |
| | | | | | | | Contact Name and Number:
Chris Hallett, Neighborhood & Human Services Director, (623) 773-7955 |
|