Public Hearing on Fiscal Year 2024-2025 HOME Investment Partnerships (HOME) Program Funding Recommendations
Extracted text (via pymupdf)
3451 characters
HHSC Memorandum Neighborhood Resources - Memo No. NR24-011 Date: April 10, 2024 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: Public Hearing on Fiscal Year 2024-2025 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. FY 2024-2025 HOME funds are proposed to be allocated to continue to support the Tenant- Based Rental Assistance (TBRA) Program, housing individuals and family households experiencing homelessness in Chandler. An increase or decrease in funds available for allocation will be applied to the TBRA Program. In compliance with HUD regulations and the Citizen Participation Plan, the city is holding a 30-day public comment period regarding the initial HOME funding recommendations and contingency plan. The public comment period began Friday, March 15, 2024, and ends Sunday, April 14, 2024. In addition, a public hearing was held on March 6, 2024, during the development of the annual action plan, and a second public is scheduled for April 10, 2024, to ensure multiple opportunities for input from the community regarding the initial HOME funding recommendations for FY 2024–2025 and contingency plan. A link to the draft Maricopa HOME Consortium’s FY 2024-2025 Annual Action Plan is available on the city’s website at: https://www.chandleraz.gov/residents/neighborhood- resources/community-development/plans-and-reports or can be accessed directly at: Memo No. NR24-011 April 10, 2024 Page 2 https://www.maricopa.gov/DocumentCenter/View/92043/DRAFT-Maricopa-County-2024- Annual-Action-Plan?bidId=. Hardcopies of the annual action plan are also available upon request. Public comments received during the public comment period regarding the HOME funding recommendations will be sent to Maricopa County for inclusion in the finalized report submitted to HUD. Discussion: To date, HUD has not released the FY 2024-2025 annual allocation to Grantees. At HUD’s guidance, the City of Chandler has prepared funding recommendations and a contingency plan based on the anticipated formula funding that it received in the prior fiscal year. The City of Chandler recommends funding in the amount of $415,056 to continue to support the Tenant-Based Rental Assistance (TBRA) Program, housing individuals and family households experiencing homelessness in Chandler, and utilize $27,670 for program administration. The contingency plan states that any increase or decrease in HOME funding for FY 2024-2025 will be applied to the TBRA program. The formula amount for program administration will also be adjusted based on the total HOME allocation to the city. FY 2024-2025 HOME Program Description and Funding Recommendation is attached.