Fiscal Note
This Resolution proposes to amend the 2023 Adopted Operating Budget for the Community Development Division (CDD) to reflect receipt of additional grant revenue and commensurate expenditures resulting from the City's acceptance, on behalf of the Madison/Dane County Continuum of Care (CoC), of two FY20 Youth Homelessness Demonstration Program (YHDP) grant awards from the U.S. Department of Housing and Urban Development (HUD): a Joint Transitional Housing and Rapid Re-Housing Grant (FAIN #WI0252Y5I032000) of $1,573,291 and a System Navigation Grant (FAIN #WI0253Y5I032000) of $720,000. The City of Madison CDD serves as the Lead Agency on behalf of the CoC for the aggregate YHDP grant.
Under the proposed amendment, CDD's 2023 Adopted Budget will reflect the following increases:
· Revenue: + $2,293,291
· Purchased Services: + $2,293,291
This Resolution also authorizes the Mayor and City Clerk to execute agreements with the nonprofit agencies specified below to provide the designated services using these YHDP funds.
Title
SUBSTITUTE Authorizing the City of Madison, on behalf of the Madison/Dane County Continuum of Care (CoC), to accept an aggregate Youth Homelessness Demonstration Program (YHDP) grant award of up to $2,293,291 from the U.S. Department of Housing and Urban Development (HUD); authorizing the Mayor and City Clerk to execute agreements with specific Madison/Dane County CoC agencies selected by the CoC's Youth Action Board (YAB) to receive the YHDP funds; and amending the Community Development Division's 2022 2023 Adopted Operating Budget as appropriate.
Body
BACKGROUND
The Youth Homelessness Demonstration Program (Assistance Listing #14.276) is an initiative developed by the U.S. Department of Housing and Urban Development (HUD) to reduce the number of youth experiencing homelessness -- both unaccompanied minors and youth ages 18-24 -- in communities across the nation. On May 24, 2021, HUD released a Notice of Funding Opportunity (NOFO ...
Click here for full text