Number
211082
Version
SUBSTITUTE 1
Reference
Sponsor
CHAIR
Title
Substitute resolution relative to the reallocation of HOME funding from Community Advocates, Inc. to affordable housing projects.
Analysis
This resolution authorizes the reallocation of Community Advocates, Inc. 2020 HOME reprogramming award in the amount of $1,670,178.83 to affordable housing projects.
Body
Whereas, The Common Council of the City of Milwaukee has previously approved the HOME award of $1,670,178.83 to Community Advocates, Inc. for Tenant Based Rental Assistance; and
Whereas, Community Advocates, Inc. has notified the Community Development Grants Administration (CDGA) of their decision to no longer accept this funding, CDGA is recommending the funds be reallocated to affordable housing projects as recommended in Attachment A; now therefore, be it
Resolved, By the Common Council of the City of Milwaukee that the Community Development Grants Administration is authorized to distribute the HOME funding as stated above; and, be it
Further Resolved, That funded projects shall submit budget and activity reports in amounts and according to any conditions approved by the Common Council and in accordance with File Number 74-92-5v, to the Community Development Grants Administration and the City Comptroller for review and approval; and, be it
Further Resolved, That payments for HOME cost incurred shall be paid in accordance with approved HOME reimbursement policy based on the approval by the Community Development Grants Administration and the City Comptroller; and, be it
Further Resolved, That except as modified by this resolution, the guidelines for handling the Community Development Block Grant Program set forth in Common Council File Number 74-92-5v are fully applicable to the Community Development Entitlement Funding Program.
Requestor
Drafter
CDGA-CommAdvoc-AffHousing
Steven Mahan/Mario Higgins
11/04/21