C-number: C-17-09-048-3
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39. IGA FOR THE ACQUISITION, REHABILITATION AND RESALE OF ABANDONED AND FORECLOSED RESIDENTIAL PROPERTIES Approve an Intergovernmental Agreement (IGA) between Housing Authority of Maricopa County and Maricopa County through the Community Development Department, in the not-to-exceed amount of $8,700,000. This Intergovernmental Agreement is funded by a grant from the U. S. Department of Housing and Urban Development, (CFDA #14-218). The purpose of this Intergovernmental Agreement is to acquire, rehabilitate and resell abandoned and foreclosed residential properties under the Neighborhood Stabilization Program. This Intergovernmental Agreement is effective from HUD release of funds until June 30, 2013. The IGA will provide for an initial allocation of Neighborhood Stabilization Program (NSP) funds to the Housing Authority of $6,233,274. Program income is expected to be earned under this activity and will be returned to the Housing Authority, minus a 10% set aside for administration, for continuation of this activity. At this time, it is expected that the Housing Authority will receive $2,466,726 in program income. With the additional program income, this will provide the Housing Authority with funding capacity of $8,700,000 for this activity. This activity is expected to produce at least 50 houses for resale to low, moderate, and middle income households. (C-17-09-048-3-00)
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19. AMENDMENT TO IGA WITH THE HOUSING AUTHORITY OF MARICOPA COUNTY FOR MANAGEMENT AND IMPLEMENTATION OF THE NEIGHBORHOOD STABILIZATION PROGRAM (NSP) Approve Amendment No. 1 to the Intergovernmental Agreement (IGA) between the Housing Authority of Maricopa County and Maricopa County through the Human Services Department, Community Development Division (C-17-09-048-3-00). The purpose of this amendment is to address regulatory changes enacted by the U.S. Department of Housing and Urban Development (HUD) after execution of the original IGA and to address use of program income. This amendment is effective upon signature by the Chairman of the Board of Supervisors until no later than June 30, 2013. All other terms and conditions of the IGA remain in full force and effect. This amendment does not impact the General Fund. HUD deleted the requirement that program income received after July 30, 2013 be returned to HUD for deposit in the U.S. Treasury. HUD changed the requirement that foreclosed-upon homes or residential property be purchased at a discount of at least 15% from the current market-appraised value of the property to a 1% discount. Program income shall be used to complete current program activity and close out the grant. Program income shall not be used for acquisition of additional houses. This program is funded through a grant from the U. S. Department of Housing and Urban Development. (C-17-09-048-3-02)
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27. AGREEMENT WITH HOUSING AUTHORITY OF MARICOPA COUNTY FOR PAYBACK OF NEIGHBORHOOD STABILIZATION PROGRAM (NSP) FUNDS Approve the Payback Agreement between the Housing Authority of Maricopa County (HAMC) and Maricopa County through its Human Services Department. Effective July 1, 2013, HAMC shall pay $2,212.61 per annum for ten years to the County for a total of $22,126.09. The HUD Community Planning and Development office reviewed the Public Housing Finding Memo issued to HAMC on August 20, 2010, and established a violation of the HAMC conflict of interest agreement rule per 24 CFR 570.611, resulting in a $22,126.09 payback requirement of NSP funds from non-federal sources. Per section 13 A. of the Intergovernmental Agreement (C-17-09-048-3-00) between HAMC and Maricopa County, HAMC agreed to undertake the same obligations as the County undertook for the U.S. Department of Housing and Urban Development pursuant to the Annual Action Plan Amendment and Assurances and to hold County harmless and indemnify it against any damage or other liability which HAMC may incur with respect to HUD as a result of any failure on the part of HAMC to comply with the requirements of any such obligations. As HAMC has limited access to funds from non-federal sources, payback shall occur over a ten year period as access to non-federal sources becomes available. (C-22-13-035-M-00)
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H-2. AGREEMENT WITH MARICOPA COUNTY HUMAN SERVICES DEPARTMENT FOR PAYBACK OF NEIGHBORHOOD STABILIZATION PROGRAM (NSP) FUNDS Adopt Resolution 13-001 and approve the Payback Agreement between the Housing Authority of Maricopa County (HAMC) and Maricopa County through its Human Services Department. Effective July 1, 2013, HAMC shall pay $2,212.61 per annum for ten years to the County for a total of $22,126.09. The U.S. Department of Housing & Urban Development Community Planning and Development office reviewed the Public Housing Finding Memo issued to HAMC on August 20, 2010, and established a violation of the HAMC conflict of interest agreement rule per 24 CFR 570.611, resulting in a $22,126.09 payback requirement of NSP funds from non-federal sources. Per section 13 A. of the Intergovernmental Agreement (C-17-09-048-3-00) between HAMC and Maricopa County, HAMC agreed to undertake the same obligations as the County undertook for the U.S. Department of Housing and Urban Development pursuant to the Annual Action Plan Amendment and Assurances and to hold County harmless and indemnify it against any damage or other liability which HAMC may incur with respect to HUD as a result of any failure on the part of HAMC to comply with the requirements of any such obligations. As HAMC has limited access to funds from non-federal sources, payback shall occur over a ten year period as access to non-federal sources becomes available. (C-66-13-023-M-00)
4 item(s) sharing C-number base C-17-09-048-3