DATE: November 1, 2016
TO: Board of Mayor and Aldermen
FROM: Eric Stuckey, City Administrator
Chris Bridgewater, Director - Building and Neighborhood Services
Kathleen Sauseda, Housing Development Coordinator
SUBJECT:
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Consideration of Contract 2016-0245 Community Based Development Organization (CBDO) Grant Program with Community Housing Partnership Utilizing Community Development Block Grant (CDBG) funds. (11-08-16 WS)
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Purpose
The purpose of this memo is to provide information to the Franklin Board of Mayor and Aldermen (BOMA) concerning the Program Year 2016-2017 CBDO Program funded by CBDG funds.
Background
This contract allocates $120,000 to Community Housing Partnership from the 2016-2017 CDBG allotment for CDBO. CHP will use these funds to purchase, rehabilitate, and sell up to four (4) homes to low income homebuyers within the City of Franklin. Optionally, CHP may purchase a lot and develop new housing should the opportunity become available. Hard Bargain is also recommended to receive $60,000 from this program year’s allocation in a separate contract, for a total of $180,000 in that line item of the Annual Action Plan.
CDBG Program Year 2016-2017
CDBO $180,000
Public Facilities 41,328
Fair Housing Outreach 3,000
Administration 56,082
Total CDBG Allocation $280,410
Since 2012, the CHP has received $310,497 through the Emergency Rehab Program (45 homes have been rehabilitated) and $61,000 through the CBDO program from CDBG.
Financial Impact
This program is fully funded by HUD through the Community Development Block Grant program.
Recommendation
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Staff recommends approval of this contract.