Approval of Fiscal Year 2023-2024 HOME Investment Partnerships Program (HOME) Funding Recommendations
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HHSC Memorandum Neighborhood Resources - Memo No. NR23-012 Date: April 19, 2023 To: Housing and Human Services Commission Thru: Leah Powell, Neighborhood Resources Director Riann Balch, Community Resources Senior Manager From: Karin Bishop, Community Development Senior Program Manager Subject: Approval of Fiscal Year 2023-2024 HOME Investment Partnerships (HOME) Program Funding Recommendations Background: Each year, the City of Chandler receives federal HOME funding, administered by the United States Department of Housing and Urban Development (HUD), through the Maricopa HOME Consortium. Eligible HOME activities include building, buying, and/or rehabilitating affordable housing for rent or homeownership or providing direct rental assistance to individuals with low- and moderate-income. HOME-funded activities proposed by the City are included in Maricopa County’s Consolidated Plan and Annual Action Plan submitted to HUD. HOME funds for FY 2023-2024 are proposed to be allocated for new construction of the Villas on McQueen that will create new affordable rental housing. In compliance with HUD regulations and the Citizen Participation Plan, the City held a 30- day public comment period regarding the initial HOME funding recommendations and contingency plan. The public comment period began Friday, March 17, 2023, and ended Monday, April 17, 2023. In addition, two public hearings were held on February 8, 2023, and April 12, 2023, to ensure multiple opportunities for input from the community regarding the initial HOME funding recommendations for FY 2023–2024 and contingency plan. Discussion: HUD released the FY 2023-2024 annual allocation on February 27, 2023. Based on HUD’s allocation, Maricopa County released its allocations for HOME Consortium members. The City of Chandler was awarded $442,726, a decrease of $10,282 from the prior fiscal year. The City will allocate $415,056 for new construction of the Villas on McQueen, an affordable rental housing project, and utilize $27,670 for program administration. FY 2023-2024 HOME Program Descriptions and Funding Recommendations are attached. 1 CITY OF CHANDLER FISCAL YEAR 2023–2024 HOME INVESTMENT PARTNERSHIPS PROGRAM (HOME) PROGRAM DESCRIPTIONS AND FUNDING RECOMMENDATIONS HOME Housing Activities: City of Chandler Housing and Redevelopment – Villas on McQueen (RAD Project) Recommendation: $415,056 Funding to support new construction of Villas on McQueen, to provide affordable rental housing in Chandler for households with income below 60% Area Median Income.