City of Aurora - File #: 15-00837

• File #: 15-00837
• Version: 1
• Name: A Resolution Authorizing Annual Action Plan Substantial Amendments (2014 - #6) and (2015 - #2) to Reflect Funding Re/Allocations for the HOME Investment Partnerships Act (HOME) Programs and Application to the U.S. Department of Housing and Urban Develo
• Type: Resolution
• Status: Passed
• File created: 9/9/2015
• In control: City Council
• On agenda: 9/23/2015
• Final action: 10/13/2015
• Title: A Resolution Authorizing Annual Action Plan Substantial Amendments (2014 - #6) and (2015 - #2) to Reflect Funding Re/Allocations for the HOME Investment Partnerships Act (HOME) Programs and Application to the U.S. Department of Housing and Urban Development's (HUD) Section 108 Loan Guarantee Program.
• Related files: 15-00869

Date	Ver.	Action By	Action	Result
10/13/2015	1	City Council	approved	Pass
10/6/2015	1	Committee of the Whole	(PLACED ON UNFINISHED BUSINESS)
9/24/2015	1	Planning & Development Committee	discussed
9/24/2015	1	Planning & Development Committee	recommended for approval	Pass

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TO: Mayor Thomas J. Weisner

FROM: Dan Barreiro, Chief Community Services Officer

DATE: September 11, 2015

SUBJECT:
Resolution Authorizing Annual Action Plan Substantial Amendments (2014 - #6) and (2015 - #2) to Reflect Funding Re/Allocations for the HOME Investment Partnerships Act (HOME) Programs and Application to the U.S. Department of Housing and Urban Development's (HUD) Section 108 Loan Guarantee Program

PURPOSE:
Staff requests authorization of Annual Action Plan Substantial Amendments (2014 - #6) and (2015 - #2) to provide grant funding for the projects listed below. The Block Grant Working Committee (BGWC) met on September 2, 2015 and made the following recommendations for funding re/allocations and Section 108 application projects:

HOME PROJECT
Funding Source
Comments
Prior funded amount
(2014 AAP)
Amended Funding Amount
City of Aurora Neighborhood Redevelopment Division - HOME Administration (10%)
2014 - Entitlement Funds
Unallocated Entitlement
$ 44,918.50
$ 53,253.00
Community Housing Development Organizations (CHDO) Direct Project Activities (15%)
2014 - CHDO Reserve/Entitlement Funds
Re-allocated Entitlement Funds to Reflect Actual CHDO Entitlement
$404,266.50
$ 79,879.50
Boreas, LLC - Aurora Impact Initiative
2014 - Unallocated Funds
Unallocated Entitlement
$ 0.00
$ 7,092.76
VeriGreen St. Charles Hospital Project - Senior Housing Rental Units
2014 - Unallocated/ Entitlement + 2014 CHDO Direct Activity Prior Allocation Funds
Unallocated/Reallocated/Entitlement
$ 0.00
$392,304.74
Total HOME:
$449,185.00
$532,530.00

HOME PROJECT
Funding Source
Comments
Prior funded amount
(2015 AAP)
Amended Funding Amount
VeriGreen St. Charles Hospital Project - Senior Housing Rental Units
2015 - Entitlement Funds
Unallocated/ Entitlement
$ 0.00
$107,695.26

Total HOME:
$ 0.00
$107,695.26
SECTION 108 LOAN APPLICATION - $6,000,000 LOAN REQUEST
Section 108 Project Area
Funding Source
Comments/P...