HomeMy WebLinkAboutMINUTES - 03232004 - C65 TO: BOARD OF SUPERVISORS �f ti Contra
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FROM: Dennis M. Barry, AICP
Community Development Director County
DATE: March 23, 2004
SUBJECT: Consolidation of$2,276,251 in recaptured and unallocated Community Development Block
Grant(CDBG) funds in the FY 2003/04 CDBG Housing Development Assistance Fund.
SPECIFIC REQUEST(S)OR RECOMMENDATIONS(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATIONS
APPROVE the consolidation of$2,276,251 in recaptured and unallocated funds to the FY 2003/04
Community Development Block Grant Housing Development Assistance Fund (CDBG/HDAF).
FISCAL IMPACT
No General Fund impact.CDBG funds are provided to the County annually on a formula allocation basis
through the U.S. Department of Housing and Urban Development.
BACKGROUND/REASONS FOR RECOMMENDATIONS
On May 8,2003,the Board of Supervisors approved the allocation of$631,350 in FY 2003/04 CDBG
funds to the FY 2003/04 CDBG/HDAF.Loan repayments have increased the current HDAF balance to
$702,531. In addition,there is$1,573,720 in unallocated and recaptured
funds from FY 2002/03.
CONTINUED ON ATTACHMENT: X YES SIGNATURE:
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,/-RECOMMENDATION OF COUNTY ADMINISTRATOR � t COMDATION OF B ARD
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APPROVE OTHER Mr,
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SIGNATURE(S):
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( ✓A" I HEREBY CERTIFY THAT THIS IS A
UNANIMOUS (ABSENT U1 } 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.
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Contact: Kara Douglas(925) 335-1253 ATTESTED `'i
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O.rig/cc: Community Development Dept. (CDBG) JOHN SWEETEN, CLERK OF
cc: County Administrator THE BOARD OF SUPERVISORS
County Counsel ASID COUNTY ADMINISTRATOR
BY. .DEPUTY
The purpose of the CDBG/HDAF is to provide resources to assist affordable housing projects that
develop during the current program year. Approval of the recommended fund transfers will
consolidate existing unexpended and unallocated housing resources into the FY 2003/04
CDBG/HDAF and facilitate their use for additional affordable housing development. Historically,
CDBG/HDAF funds have been used to fund a variety of projects,including affordable rental housing
for very-low income households and seniors, transitional housing for homeless families, and
affordable rental housing for special needs populations, including extremely-low income disabled
adults.
If all of the fund transfers are approved, the balance of the FY 2003/04 CDBG/HDAF will be
$2,276,253.Based on current applications,letters of intent,and discussions with affordable housing
developers,the Department has identified potential requests for FY 2003/04 CDBG/HDAF funds of
more than $2.5 million.