RECOMMENDATION(S):
APPROVE and AUTHORIZE the Conservation and Development Director, or designee, to execute, on behalf of the County, a HOME – American Rescue Plan Grant Agreement with the U.S. Department of Housing and Urban Development (HUD) to receive $12,090,215 to provide housing-related services.
FISCAL IMPACT:
No net General Fund impact. $12,090,215 HOME - American Rescue Plan (HOME-ARP) funding (100% American Rescue Plan). No County match is required.
BACKGROUND:
The HOME Investment Partnerships Program is federal funding for affordable housing, for which the County receives an annual allocation from HUD. The American Rescue Plan Act of 2021 appropriated $5 billion to provide housing, services, and shelter to individuals experiencing homelessness and other vulnerable populations as supplemental HOME funding, referred to as HOME-ARP. HUD has allocated $12,090,215 to the County for HOME-ARP based on the existing HOME formula, and requested execution of a Grant Agreement as soon as possible. Execution of the HOME-ARP Grant Agreement allows the County to use up to five percent ($604,510) of its total HOME-ARP award for administrative and planning
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