Vote: adopted

Item Text

65. AMENDMENT TO THE AGREEMENT WITH NEWTOWN COMMUNITY DEVELOPMENT CORPORATION AND THE CITY OF CHANDLER Approve Amendment No. 1 to the Community Housing Development Organization (CHDO) agreement between Newtown Community Development Corporation, the City of Chandler, and Maricopa County through the Human Services Department. The purpose of this amendment is to extend the contract termination date from June 30, 2014 to June 30, 2015, adjust the Scope of Work, which will ensure compliance with Final HOME Program Rules adopted by the U.S. Department of Housing and Urban Development. The housing activities shall meet all program requirements for the required period of affordability. The agreement is effective from July 27, 2012 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. The agreement is funded by a grant from the U.S. Department of Housing and Urban Development (HUD). 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. (C-22-13-016-3-01)

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