Vote: approved

Item Text

A-2. AMENDMENT TO AGREEMENT WITH GUADALUPE COMMUNITY DEVELOPMENT CORPORATION AND MARICOPA COUNTY FOR HOMEOWNERSHIP OPPPORTUNITES Approve Amendment No 1 to the Community Housing Development Organization (CHDO) Agreement (C-22-12-060-3-00) between Guadalupe Community Development Corporation and Maricopa County through the Human Services Department. The amendment decreases funding to an amount not-to-exceed $242,000. This Contract is funded by a grant from the U.S. Department of Housing and Urban Development (HUD). The amendment is effective upon execution and will be in effect until all funds are expended and drawn against the Letter of Credit or until the Scope of Work is complete and any remaining funds are returned. The term will not extend beyond June 30, 2015. There is no General Fund impact. Maricopa County is the lead agency for the Maricopa HOME Consortium. The Consortium is required to allocate 15% of the HOME Investment Partnerships Program allocation for CHDO Set-Aside projects. This Contract is funded through the FY 2011-2012 Maricopa County HOME Consortium Annual Action Plan Amendment (C-22-11-061-G-03), approved by the Board of Supervisors on July 25, 2012. (C-22-12-060-3-01)