Vote: approved

Item Text

H-2. RESOLUTION NO. 16-015 FISCAL YEAR 2016 CAPITAL FUND AWARD AND 5-YEAR ACTION PLAN Adopt Resolution 16-015, approve the FY 2016 Capital Fund, Form HUD-52840A, Form HUD-50075.1 and Form HUD-50075.2, and approve execution of the Consolidated Annual Contributions Contract Form HUD-53012.Upon execution of CFP Amendment No. 90, HUD will provide HAMC $1,048,608.00 for Fiscal Year 2016 effective April 13, 2016, only to be used in projects identified in HAMC’s HUD-approved 5-Year Action Plan. HUD provides Capital Fund Program (CFP) assistance in support of HAMC’s public housing program for the purpose of assisting HAMC in carrying out development, capital and management activities at existing public housing projects to ensure such projects continue to be available to serve low-income families. HUD requires Public Housing Authorities submit a Capital Fund 5-Year Action Plan for the Capital Fund Program. (C-66-16-023-M-00)