HomeMy WebLinkAboutMINUTES - 09011998 - C149 .. Contra
TO: BOARD SOF SUPERVISORS '
County
FROM: Dennis M. Barry, AICD "
Community Development Director
DATE; September 1, 1998
SUBJECT: Request for Transfer of HOME Investment Partnership Act Funds
SPECIFIC REQUEST(t) OR REiCOMMENDATIONS(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATIONS
APPROVE and AUTHORIZE the Deputy Director, Redevelopment to carry
forward $1,070, 751 in unexpended HOME Investment Partnership Act
(HOME) funds from the FY 1997/98 HOME Housing Development Assistance
Fund (HOME/HDAF) to the FY 1998/99 HOME/HDAF.
FISCAL IMPACT
No General Fund impact. HOME funds are provided to the County by the
U.S. Department of Housing and Urban Development.
BACKGROUND/REASONS FOR RECOMMENDATIONS
The transfer of funds from the FY 1997/98 HOME/HDAF to the FY 1998/99
HOME/HDAF is necessary in order to consolidate funds for allocation
CONTINUED ON ATTACHMENT: x YES SIGNATURE:
RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMM EE
APPROVE OTHER
SIGNATURE(S) :,
ACTION OF BOARD ON gepteml2e 1 �q�3g APPROVED AS RECOMMENDED OTHER
VOTE OF SUPERVISORS
I HEREBY CERTIFY THAT THIS IS A
X UNANIMOUS (ABSENT - - - } TRUE AND CORRECT COPY' OF AN
AYES: NOES: ACTION TAKEN AND ENTERED ON THE
ABSENT: ABSTAIN: MINUTES OF THE BOARD OF
SUPERVISORS ON THE DATE SHOWN.
Contact: Kathleen K. Hamm
335-1257 ATTESTED
cc: County Administrator PHIL BATCHELOR, CLERK OF
County Counsel THE BOARD OF SUPERVISORS
Auditor-Controller AN O NTY ADMINISTRATOR
Community Development �..»
BY �.., DEPUTY
in the current program year. The purpose of the FY 1998/99
HOME/HDAF is to provide resources to assist affordable housing
projects which develop during FY 1998/99 . The current balance of
the FY 1998/99 HOME/HDAF is $818,300. Approval of the transfer of
$1,070, 751 in prior year funds will bring the total in the current
year HOME/HDAF to $1,889,051. Based on current applications and
letters of intent received from affordable housing developers, the
Department has identified potential requests for HOME/HDAF funds in
the range of over $2 million during FY 1998/99 .