DEPARTMENT: Physical Development Administration
FILE TYPE: Consent Action
TITLE
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Approval Of Substantial Amendments To 2021 Dakota County HOME Consortium Program
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PURPOSE/ACTION REQUESTED
Approve substantial amendments to the 2021 HOME Investment Partnerships (HOME) Program.
SUMMARY
Dakota County receives an annual HOME grant through the U.S. Department of Housing and Urban Development (HUD). The Dakota County Community Development Agency (CDA) administers the HOME Program on behalf of Dakota County and the Dakota County HOME Consortium, which includes the counties of Anoka, Dakota, Ramsey, and Washington, and the City of Woodbury. The HOME Program requires that 15 percent of a jurisdiction's HOME allocation be used for eligible HOME activities by nonprofit organizations that qualify as Community Housing Development Organizations (CHDO). However, federal statute allows a HOME grantee to convert the CHDO funds so they can be used for any eligible project if the funds have not been used for a CHDO project within two years. The CDA has converted Dakota County's 2021 CHDO funds so they can be expended in a timely manner. To align the converted HOME funds with the funding priorities for the Dakota County HOME Consortium, substantial amendments to the 2021 HOME Program are needed.
There are three types of substantial amendments to the HOME Program permissible by the HUD: the creation of a new activity or cancellation of an activity; increase or decrease of an activity budget by $100,000 or more at one time; and change to the location and/or national objective of an activity.
The 2021 funds for Consortium projects that were originally CHDO funds were allocated to Homeowner activities. However, Dakota County, Anoka County, and Ramsey County have greater need for Rental projects utilizing HOME and request substantial amendments to decrease the project budget of the 2021 Homeownership activity by $254,517 and increase the project budget of the 2021 Rental a...
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