HomeMy WebLinkAboutMINUTES - 12102002 - HA2 HOUSING AUTHORITY OF THE COUNTY OF CONTRA COSTA
TO: BOARD OF COMMISSIONERS
FROM: Robert. Mc Ewan, Executive Director
DATE: December 10, 2002
SUBJECT: AUTHORIZE THE EXECUTIVE DIRECTOR OF THE HOUSING AUTHORITY OF CONTRA
COSTA COUNTY TO SUBMIT AN APPLICATION FOR FUNDS FROM THE COUNTY OF
CONTRA COSTA'S COMMUNITY DEVELOPMENT BLOCK GRANT PRORAM IN THE
AMOUNT OF$75,000 TO ESTABLISH AN INDIVIDUAL DEVELOPMENT ACCOUNT
PROGRAM FOR PUBLIC HOUSING RESIDENTS
SPECIFIC REQUEST(I OR RECOMMENDATIONS & BACKGROUND AND JUSTIFICATION
1. RECOMMENDED ACTION:
AUTHORIZE the Executive Director of the Housing Authority of the County of Contra Costa to submit
an application for$75,000 in funding from the Federally funded Community Development Block Grant
Program (CDBG)for FY 2003-04 to provide matching funds for the operation of the Individual Development
Account (IDA).
11. FINANCIAL IMPACT:
None. The Housing Authority will apply for matching funds through from the Federal Department of
Health and Human Services (HHS).
III. REASONS FOR RECOMMENDATIONIBACKGROUND
This grant is necessary to provide a savings incentive for recently employed public housing residents
who successfully complete job readiness training and a job placement program provided by the Housing
Authority. It is estimated that the above funding will generate savings accounts for up to 50 residents by
establishing individual development accounts targeted for education, business development, home ownership
and transportation. The participant will deposit money to their individual account and the Housing Authority
will match funds on a one to two ratio not to exceed $4000. The Housing Authority will maintain the account.
IV. CONSEQUENCES OF NEGATIVE ACTION:
The Housing Authority would not be able to assist families moving toward self-sufficiency by creating
individual development accounts.
CONTINUED ON ATTACHMENT: SIGNATURE --'-
RECOMMENDATION OF EXECUTIVE DIRECTOR RECOMMENDATION OF BOARD COMMITTEE
APPROVE OTHER
SIGNATURE(S):
IIYiYiYl���l __-.._.- IiYYrYi�lll
ACTION OF BOARD ON DECEMBER 10 , 2 0 0 2 APPROVED AS RECOMMENDED X_ OTHER
VOTE OF COMMISSIONERS
I HEREBY CERTIFY THAT THIS IS A
X...UNANIMOUS {ABSENT T T ) TRUE AND CORRECT COPY OF AN
AYES: NOES: ACTION TAKEN AND ENTERED ON THE
ABSENT: ABSTAIN: MINUTES OF THE BOARD OF
COMMISSIONERS ON THE DATE SHOWN,
ATTESTED
JOHN SWEETEN, CLERK OF
THE BOARD OF COMMISSIONERS
ND COUNTY ADMINISTRATOR
BY '` m t L k`kw , DEPUTY
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