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File #: 74456    Version: 1 Name: Awarding up to $1.65 million from the City's Affordable Housing Fund (AHF) to help finance the development of affordable housing, up to $1.25 million in Community Development Block Grant (CDBG) funds and up to $1.1 million in HOME Investment Partnerships
Type: Resolution Status: Passed
File created: 10/26/2022 In control: Community Development Division
On agenda: 12/6/2022 Final action: 12/6/2022
Enactment date: 12/9/2022 Enactment #: RES-22-00824
Title: Awarding up to $1.65 million from the City's Affordable Housing Fund (AHF) to help finance the development of affordable housing, up to $1.25 million in Community Development Block Grant (CDBG) funds and up to $1.1 million in HOME Investment Partnerships Program (HOME) funds to support seven housing services programs, and up to $100,000 in City levy to support two homebuyer education programs; and authorizing the sale of five lots, as the recommended outcomes of a competitive "Housing Forward: Financing for Homeownership" Request for Proposals (RFP) process conducted by the Community Development Division; and authorizing the Mayor and City Clerk to enter into agreements with those agencies to implement the specified development and services projects.
Sponsors: Satya V. Rhodes-Conway, Nikki Conklin, Barbara Harrington-McKinney, Matthew J. Phair, Yannette Figueroa Cole, Tag Evers, Sheri Carter, Charles Myadze, Nasra Wehelie
Attachments: 1. Housing Forward Memo to CDBG Committee - November 2022.pdf, 2. RegistrantsReport-CDBG Committee 11-3-22 Final.pdf
Related files: 84358
Fiscal Note
The proposed resolution authorizes awarding funding to various affordable housing development projects, housing services programs, and homebuyer education programs. The resolution also authorizes the sale of five City lots and authorizes the Mayor and City Clerk to execute agreements and take other actions as needed to accomplish the purpose of the resolution. The projects and programs identified in the resolution were selected through a competitive RFP process and recommended by the CDBG Committee. Funding for the projects are included in the Community Development Division’s 2023 adopted budget and leverages multiple funding sources, including up to $1.65 million from the Affordable Housing Fund (AHF), up to $1.25 million in federal Community Development Block Grant (CDBG) funds, up to $1.1 million in federal HOME Investment Partnerships Program (HOME) and up to $100,000 in City levy. No additional appropriation is required.
Title
Awarding up to $1.65 million from the City's Affordable Housing Fund (AHF) to help finance the development of affordable housing, up to $1.25 million in Community Development Block Grant (CDBG) funds and up to $1.1 million in HOME Investment Partnerships Program (HOME) funds to support seven housing services programs, and up to $100,000 in City levy to support two homebuyer education programs; and authorizing the sale of five lots, as the recommended outcomes of a competitive "Housing Forward: Financing for Homeownership" Request for Proposals (RFP) process conducted by the Community Development Division; and authorizing the Mayor and City Clerk to enter into agreements with those agencies to implement the specified development and services projects.
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BACKGROUND

The Community Development Division (CDD) released the "Housing Forward: Financing for Homeownership" RFP on August 8, 2022, and accepted applications through September 1. Sixteen proposals were submitted: three organizations submitted proposals for affor...

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