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Home My WebLink About91-23 RESOLUTION113 West Mountain Street Fayetteville, AR 72701 (479) 575-8323 Resolution: 91-23 File Number: 2023-606 ACCEPTANCE OF GRANT FROM HUD: A RESOLUTION TO AUTHORIZE ACCEPTANCE OF A GRANT FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT IN THE AMOUNT OF $512,642.00 FOR THE HOME INVESTMENT PARTNERSHIPS PROGRAM, TO APPROVE A CITY MATCH IN THE AMOUNT OF $237,358.00, AND TO APPROVE A BUDGET ADJUSTMENT BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE, ARKANSAS: Section 1: That the City Council of the City of Fayetteville, Arkansas hereby authorizes Mayor Jordan to accept a grant from the U.S. Department of Housing and Urban Development in the amount of $512,642.00 for the HOME Investment Partnerships Program, and further authorizes the Mayor to sign a letter of participation and any other documents necessary to accept the grant and receive the grant funds. Section 2: That the City Council of the City of Fayetteville, Arkansas hereby approves the use of City matching funds in the amount of $237,358.00. Section 3: That the City Council of the City of Fayetteville, Arkansas hereby approves a budget adjustment, a copy of which is attached to this Resolution. PASSED and APPROVED on April 4, 2023 Page 1 Attest: %%J11111 rrrt►t Kara Paxton, City C erk T easurer - CITY OF W41iFAYETTEVILLE ARKANSAS MEETING OF APRIL 4, 2023 CITY COUNCIL MEMO 2023-606 TO: Mayor Jordan and City Council THRU: Susan Norton, Chief of Staff FROM: Yolanda Fields, Comm. Resources Dir./Equity Off. DATE: SUBJECT: Mayor's signature on a letter of participation to accept a HUD HOME grant in the amount of $512,642 and approval of a Budget Adjustment RECOMMENDATION: Staff recommends approval to accept a grant in the amount of $512,642.00 from the US Department of Housing and Urban Development (HUD) for the HOME Investment Partnerships Program, approval of a City match in the amount of $237,358.00 (for a total of $750,000.00), approval for the Mayor to sign a letter of participation, and approval of a budget adjustment. BACKGROUND: The HOME Investment Partnerships Program is a federal block grant program that provides funding to states and localities to be used exclusively for affordable housing activities to benefit low-income households. Funds for HOME are appropriated annually to the Department of Housing and Urban Development (HUD), which in turn distributes funding to states and certain localities by formula. States and localities that receive HOME funds are known as participating jurisdictions. HUD requires a participation threshold for first time participating jurisdictions of $750,000. City of Fayetteville's 2023 HUD/HOME allocation amount is $512,642.00, therefore the required first year participation amount is $237,358.00. DISCUSSION: HUD has determined, based on the HOME formula allocation process, that the city qualifies as a participating jurisdiction for the HOME program for the first time. Because the allocation does not meet the $750,000 participation threshold for first-time participating jurisdictions, approval for the program participation amount of $237,258.00 must be submitted. This will enable the city as a participation jurisdiction to receive the HOME funding annually moving forward. BUDGET/STAFF IMPACT: This BA will recognize the HOME funding revenue amount of $512,642 and move $237,358 into the Community Development Fund from the General Fund for the City match. ATTACHMENTS: 2023-606 SRF HUD HOME Grant, 2023-606 BA HUD HOME Grant, 2023-606 Letter of Participation, 2023-606 FY23 CPD Formula Letter Mailing address: 113 W. Mountain Street www.fayetteville-ar.gov Fayetteville, AR 72701 City of Fayetteville, Arkansas 113 West Mountain Street Fayetteville, AR 72701 (479) 575-8323 - Legislation Text File #: 2023-606 Mayor's signature on a letter of participation to accept a HUD HOME grant in the amount of $512,642 and approval of a Budget Adjustment A RESOLUTION TO AUTHORIZE ACCEPTANCE OF A GRANT FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT IN THE AMOUNT OF $512,642.00 FOR THE HOME INVESTMENT PARTNERSHIPS PROGRAM, TO APPROVE A CITY MATCH IN THE AMOUNT OF $237,358.00, AND TO APPROVE A BUDGET ADJUSTMENT BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE, ARKANSAS: Section 1: That the City Council of the City of Fayetteville, Arkansas hereby authorizes Mayor Jordan to accept a grant from the U.S. Department of Housing and Urban Development in the amount of $512,642.00 for the HOME Investment Partnerships Program, and further authorizes the Mayor to sign a letter of participation and any other documents necessary to accept the grant and receive the grant funds. Section 2: That the City Council of the City of Fayetteville, Arkansas hereby approves the use of City matching funds in the amount of $237,358.00. Section 3: That the City Council of the City of Fayetteville, Arkansas hereby approves a budget adjustment, a copy of which is attached to this Resolution. Page 1 Yolanda Fields Submitted By City of Fayetteville Staff Review Form 2023-606 Item ID 4/4/2023 City Council Meeting Date - Agenda Item Only N/A for Non -Agenda Item 3/21/2023 COMMUNITY RESOURCES (642) Submitted Date Division / Department Action Recommendation: Staff recommends approval to accept a grant in the amount of $512,642.00 from the US Department of Housing and Urban Development (HUD) for the HOME Investment Partnerships Program, approval of a City match in the amount of $237,358.00 (for a total of $750,000.00), approval for the Mayor to sign a letter of participation, and approval of a budget adjustment. 2180.642.4920-4340.00 Account Number Project Number Budgeted Item? No Does item have a direct cost? Yes Is a Budget Adjustment attached? Yes Purchase Order Number: Change Order Number: Original Contract Number: Comments: Budget Impact: Community Development Total Amended Budget Expenses (Actual+Encum) Available Budget Item Cost Budget Adjustment Remaining Budget Fund Project Title $ 237,358.00 $ 987,358.00 750,000.00 Previous Ordinance or Resolution # Approval Date: V20221130 City of Fayetteville, Arkansas - Budget Adjustment (Agenda) Budget Year Division Adjustment Number COMMUNITY RESOURCES (642) /Org2 2023 Requestor: Yolanda Fields BUDGET ADJUSTMENT DESCRIPTION / JUSTIFICATION: Staff recommends approval to accept a grant in the amount of $512,642.00 from the US Department of Housing and Urban Development (HUD) for the HOME Investment Partnerships Program, approval of a City match in the amount of $237,358.00 (for a total of $750,000.00) and approval of a budget adjustment. COUNCIL DATE: 3/21/2023 ITEM ID#: 2023-606 Noll y Black 312012023 3: q2 Pln Budget Division Date TYPE: D - (City Council) JOURNAL #: GLDATE: RESOLUTION/ORDINANCE CHKD/POSTED: TOTAL 987,358 987,358 v.2023223 increase/ (Decrease) Project.Sub# Account Number Expense Revenue Project Sub.Detl AT Account Name 2180.642.4920-4340.00 - 512,642 RE HUD HOME Investment Partnership Grant 2180.642.4920-5315.00 512,642 - EX Contract Services 2180.642.4920-6602.01 - 237,358 RE Transfer from Fund - General 2180.642.4920-5315.00 237,358 - EX Contract Services 1010.090.6600-7602.18 237,358 - 57039 2301 EX Transfers To Funds - Community Developm 1010.001.0001-4999.99 - 237,358 RE Use Fund Balance - Current 1 of 1 OFFICE OF THE MAYOR Mr. David Blick U.S. Dept. of Housing & Urban Development Little Rock Field Office 425 W Capitol, Suite 1000 Little Rock, AR 72201 Dear Mr. Blick: Please consider this correspondence as our notification that we will be able to administer HOME funding as a participation jurisdiction. As a first year participating jurisdiction, the resolution approving the funding required to meet the participation threshold for FY 2023 HOME funds in the amount of $237,358.00 is enclosed. We would also like to take the opportunity to tell you know that we appreciate our current funding partnership on the HUD-CDBG and CoC SNAPS programs. These programs provide needed assistance to our community members experiencing challenges. Lioneld Mayor City of Fayetteville 113 W. Mountain Street Fayetteville, AR 72701 www.fayetteville-ar.gov �ZyE4t� * * Y U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT WASE1 NGTON, DC 20410-7000 PRDiCiPAL DEPUTY ASSISTANT SECRETARY FOR COMhiUNiTY PLANNING AND DEVELOPMENT March 9, 2023 The Honorable Lioneld Jordan Mayor of Fayetteville 113 West Mountain Fayetteville, AR 72701 Dear Mayor Jordan: Congratulations! I am pleased to inform you of your jurisdiction's Fiscal Year (FY) 2023 allocations for the Office of Community Planning and Development's (CPD) formula programs. Your jurisdiction's FY 2023 available amounts are as follows: CPD Programs: Amount Community Development Block Grant (CDBG) $764,542 Emergency Solutions Grant (ESG) $0 HOME Investment Partnerships (HOME) $512,642 Housing Opportunities for Persons With AIDS (HOPWA) $0 CDBG Recovery Housing Program (RHP) $0 These grant funds provide the financial tools to support individuals, families, and communities to address homelessness, affordable housing challenges, aging infrastructure, and economic hardships. CPD is committed to being your partner throughout the process of using these funds. Our local office will assist in finalizing grant agreements, offer technical assistance and training when needed, and monitor and implement grant funds for eligible projects in a timely manner. We will work with you to ensure proper reporting in the Integrated Disbursement and Information System (IDIS) so we can together improve performance data on how these programs are benefitting and touching people's lives, build trust with stakeholder groups and Congress, and amplify the success stories that you and your jurisdiction are able to accomplish with these vital resources. Based on your jurisdiction's CDBG allocation for this year and outstanding Section 108 balances as of February 27, 2023, you also have $3,822,710 in available Section 108 borrowing authority. Since Section 108 loans are federally guaranteed, this program can leverage your jurisdiction's existing CDBG funding to access low -interest, long-term financing to invest in your jurisdiction. www.hud.gov espanol.hud.gov 2 Your HOME formula allocation amount indicates that you may qualify as a participating jurisdiction for the HOME Program for the first time. In order to begin the qualification process, you must notify your local HUD Field Office in writing of your intention to become a participating jurisdiction not later than 30 days after receiving this letter. Because your allocation does not meet the $750,000 participation threshold for first time participating jurisdictions, your notice of intent must include information about how you will meet the participation threshold for FY 2023 HOME funds. This must include either authorization from the State to transfer a portion of its HOME allocation to your jurisdiction to meet the participation threshold; a letter from the governor or designee indicating that the required funds to meet the participation threshold have been approved and budgeted for the jurisdiction; or a letter from the chief executive officer of the jurisdiction indicating that the required funds to meet the participation threshold have been approved and budgeted. Failure to notify HUD within 30 days and to include the required information about how you will meet the participation threshold in the first year of qualification, will disqualify you from becoming a participating jurisdiction for FY 2023 HOME funds. Thank you for your continued interest in CPD programs, I greatly appreciate your leadership in using these funds to address your most urgent housing and community development needs, including preventing and reducing homelessness. If you or any member of your staff have questions, please contact your local CPD Field Director. Sincerely, Marion Mollegen McFadden Principal Deputy Assistant Secretary for Community Planning and Development