Vote: approved

Item Text

36. CONTRACT WITH NEWTOWN COMMUNITY DEVELOPMENT CORPORATION, AND THE CITY OF CHANDLER Approve a financial Agreement between Newtown Community Development Corporation (Newtown CDC), a Community Housing Development Organization (CHDO) and the City of Chandler (Administrator) and Maricopa County administered by its Human Services Department. The purpose of this agreement is to provide Home Investment Partnership (HOME) funds to Newtown administered by the City of Chandler for acquisition and rehabilitation of up to 4 single family homes for sale to eligible low-income first-time homebuyers. The agreement amount shall not exceed $400,000. The contract is effective April 1, 2016 and shall expire twenty-four (24) months from the date of full execution. Pursuant to Section II Special Provision section V. 4. Changes – The County may, at any time, by written Amendment executed by the Director or designee, make changes within the general scope of this Agreement in any one or more of the following areas: a. Work Statement activities which do not: i. Increase or decrease the amount of total Agreement funding; ii. Modify the project timeline as long as the last day of the project timeline is within the end date of the Agreement; or iii. Modify terms consistent with any change to the Work Statement required by Federal, State, or County regulations ordinances or policies. b. Administrative requirements, such as changes in reporting periods, frequency of reports, or report formats required by HUD or local regulations, policies, or requirements. It is the CHDO’s responsibility to ensure the latest documents are consulted and followed. c. The County may increase or decrease funding resulting from a reallocation pursuant to a majority vote of the Consortium members with the agreement of both parties; provided the change in funding is approved by the Board of Supervisors. This Agreement is funded by a grant from the U. S. Department of Housing and Urban Development (HUD). The housing activities shall meet all HOME Investment Partnerships Program requirements for the required period of affordability. Funding is included in the FY2015-2016 budget and does not impact the General Fund. 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-22-16-030-3-00)

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