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C.64
To: Board of Supervisors
From: Catherine Kutsuris, Conservation & Development Director
Date: November  10, 2009
The Seal of Contra Costa County, CA
Contra
Costa
County
Subject: Contra Costa Consortium Funding Agreement for Neighborhood Stabilization Program 2 Funds
APPROVE OTHER
RECOMMENDATION OF CNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE
Action of Board On:   11/10/2009
APPROVED AS RECOMMENDED OTHER
Clerks Notes:

VOTE OF SUPERVISORS

AYE:
John Gioia, District I Supervisor
Gayle B. Uilkema, District II Supervisor
Mary N. Piepho, District III Supervisor
Susan A. Bonilla, District IV Supervisor
Federal D. Glover, District V Supervisor
Contact: Kara Douglas 335-7223
cc: Kathleen Andrus    
I hereby certify that this is a true and correct copy of an action taken and entered on the minutes of the Board of Supervisors on the date shown.
ATTESTED:     November  10, 2009
David Twa,
 
BY: , Deputy

 

RECOMMENDATION(S):

1. APPROVE the Contra Costa Consortium Funding Agreement for Neighborhood Stabilization Program 2 (NSP2) Funds, and  
2. AUTHORIZE the Conservation and Development Director, or designee, to execute the Consortium Funding Agreement  

FISCAL IMPACT:

There is no impact to the County General Fund. The Consortium has applied for a grant of funds from the U.S. Department of Housing and Urban Development (HUD). If the grant is approved, all funds will be from NSP2, an American Recovery and Reinvestment Act (Recovery Act) program.   
  
FISCAL IMPACT: (CONT'D)
The Catalog of Federal Domestic Assistance (CFDA) number for NSP2 is 14.256  
BACKGROUND:

On May 4, 2009 HUD issued a notice of funding availability and on June 11, 2009 a notice of funding availability correction (together, the NOFA) for a second round of NSP funding. Under the NOFA, states, local governments, non-profits, and consortia competed for up to $1.93 billion of NSP funds to carry out neighborhood stabilization programs to combat the effects of home foreclosures. Contra Costa County and the cities of Antioch, Pittsburg, Richmond, and Walnut Creek formed the Contra Costa Consortium (Consortium) and submitted an application for $50 million on June 15, 2009. The County is the lead member of the Consortium.   
  
The NOFA requires that each consortium member enter into a Consortium Funding Agreement with the County by December 1, 2009. HUD has not publicly announced when NSP2 awards will be made. If the Consortium is notified prior to December 1, 2009 that it is not receiving NSP2 funds, its members will not enter into the Consortium Funding Agreement. The Consortium Funding Agreement will only go into effect if NSP2 funds are awarded to the Consortium.  
  
Staff recommends that the Board of Supervisors authorize the Deputy Director, Redevelopment to enter into a Consortium Funding Agreement in substantially the form attached as Exhibit A. Any modifications from the attached will be reviewed with County Counsel prior to the execution of the agreement. The form of the Consortium Funding Agreement will be the same for each city member.   
CONSEQUENCE OF NEGATIVE ACTION:

  
CHILDREN'S IMPACT STATEMENT:

  

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