HomeMy WebLinkAboutMINUTES - 12052006 - C.113 TO: BOARD OF SUPERVISORS -s LContra
FROM: Dennis Barry, AICP s Costa
Community Development Director
DATE: December 5, 2006
County
s�'� C=OUKT�
SUBJECT: Correction to FY 2006/07 Community Development Block Grant Program Allocation —
CCMatch IDA Program
SPECIFIC REQUEST(S)OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION
RECOMMENDATION:
APPROVE and AUTHORIZE the Community Development Director to execute a contract
amendment with Community Housing Development Corporation of North Richmond, effective
July 1, 2006, increasing the payment limit by $5,000 to a new limit of $20,000, with no change
in the term through June 30, 2007.
FINANCIAL IMPACT:
No General Fund impact. All funds are provided to the County on a formula basis through the
U.S. Department of Housing and Urban Development (HUD).
BACKGROUND:
Community Development Block Grant (CDBG) funds are allocated annually to eligible
Entitlement Jurisdictions on a formula basis. The County Community Development
Department administers CDBG funds on behalf of the Urban County. Funds were provided to
Community Housing Development Corporation of North Richmond for the CCMatch IDA
Program to help low-income families save for and acquire an asset such as a home, business
or post-secondary education by setting up an Independent Development Account (IDA). When
the Board approved the allocation of FY 2006/07 CDBG funds in May, 2006, staff inadvertently
listed its recommendation for the CDMatch IDA program as $15,000 instead of $20,000. This
action will correct that error.
CONTINUED ON ATTACHMENT: ❑ YES SIGNATURE:
RECOMMENDATION OF COUNTY ADMINISTRATOR ❑ RECOM NEIATIONOF OARD COMMITTE
['APPROVE ❑ OTHER
SIGNATURE(Sj: J
ACTION OF B A ON /
APPROVED AS RECOMMENDED OTHER ❑
VOTE OF SUPERVISORS: I HEREBY CERTIFY THAT THIS IS A TRUE AND
CORRECT COPY OF AN ACTION TAKEN AND
UNANIMOUS(ABSENT j ENTERED ON THE MINUTES OF THE
AYES: NOES: REDEVELOPMENT AGENCY ON THE DATE
SHOWN. -
ABSENT: ABSTAIN-.
Contact: Bob 1 alkins, C BG Program Manager
(335-7220) JOHN CULLEN, CLERK' OF THE BOARD OF
SUPERVISORS AND COUNTY ADMINISTRATOR
cc: CAO
County Counsel
Community Development
Community Housing Dev. Corp.of North Richmond By: U Deputy
Via Community Development Dept.