HomeMy WebLinkAboutMINUTES - 12161997 - C114 Contra
Costa
TO: BOARD OF SUPERVISORS :;P �nu
nty
FROM: Dennis M. Barry, AICP
Interim Community Development Director
DATE : December 16, 1997
SUBJECT: Request for Transfer of HOME Investment Partnership Act Funds
SPECIFIC REQUEST(S) OR RECOMMENDATIONS(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATIONS
APPROVE and AUTHORIZE the Deputy Director, Redevelopment to carry
forward $55, 385 in unexpended HOME Investment Partnership Act (HOME)
funds from the FY 1996/97 HOME Housing Development Assistance fund
(HOME/HDAF) to the FY 1997/98 HOME/HDAF.
FISCAL IMPACT
No General Fund impact. CDBG 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 1996/97 HOME/HDAF to the FY 1997/98
HOME/HDAF is necessary in order to consolidate funds for allocation
in the current program year. The purpose of the FY 19 7/98 HOME/ IDAF
CONTINUED ON ATTACHMENT: X YES SIGNATURE :
RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMEND I0 OF BOA D COMMITT E
APPROVE OTHER
SIGNATURE(S) :
ACTION OF BOARD ON /,? - /(, - 122 r APPROVED AS RECOMMENDED OTHER
VOTE OF SUPERVISORS
/ I HEREBY CERTIFY THAT THIS IS A
/ 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 97
cc: County Administrator PHIL BATCHELOR, CLERK OF
County Counsel THE BOARD OF SUPERVISORS
Auditor-Controller (N. Garnett) AND COUNTY ADMINISTRATOR
Community Development _
BY DEPUTY
is to provide resources to assist affordable housing projects which
develop during FY 1997/98 . The current balance of the FY 1997/98
HOME/HDAF is $1,085,500 . Approval of the transfer of funds from
preceding years will bring the total to $1, 140, 885 . Based on
preliminary applications and letters of intent received from
affordable housing developers, the Department has identified
potential requests for HOME/HDAF funds in the range of $1 . 5 to $2
million during FY 1997/98 .
kh/15b/HDAF1