AGENDA ITEM REPORT
TITLE:
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A RESOLUTION AUTHORIZING THE MAYOR AND CITY MANAGER, OR DESIGNEE, TO EXECUTE THE ATTACHED INTERLOCAL AGREEMENT WITH BROWARD COUNTY FOR THE PREPARATION, IMPLEMENTATION, AND ADMINISTRATION BY BROWARD COUNTY OF THE CITY OF COCONUT CREEK’S HOME PROGRAM FUNDS FOR PROGRAM YEAR 2019-2020.
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BACKGROUND:
The HOME Program was created by the National Affordable Housing Act of 1990 to provide for the purchase, rehabilitation, and new construction of affordable multi-family and single-family housing for low-income families. Coconut Creek has been a participating jurisdiction in the Broward County HOME Consortium since 2009. Since 2009, Community Redevelopment Associates of South Florida, Inc. (CRA) provided administration for all of the City’s affordable housing grant activities. On December 31, 2019, the City ended its contractual relationship with CRA, and as a result, has been discussing a formal relationship with Broward County for such services.
DISCUSSION:
The Broward County Housing Finance and Community Redevelopment Division has the ability to provide for the City’s management, administration, and implementation of the Home Program and other related services. This division of Broward County already provides preparation, implementation and administration of the HOME Program to multiple Broward County municipalities. Through this proposed agreement, the County will be responsible for administering the City’s HOME funds and selected programs in accordance with the HOME Program rules and regulations. The County will retain allowable administrative fees for these services. The agreement provides for joint local housing assistance activities for Program Year 2019-2020.
RECOMMENDATION:
Staff recommends approval of this resolution.
FISCAL IMPACT:
REVENUES: N/A
EXPENDITURES: N/A
BUDGETED? N/A
NOTES: Fees associated with the management, administration, and implementation of the HOME Program funds are provided through allowable administrative costs for the respective funding source.