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Fiscal Year 2024 HOME Investment Partnerships Program and Fiscal Year 2024 Community Development Block Grant Agreements and Associated Budget Resolution
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BRIEF OVERVIEW
Hernando County submitted its 2024-2026 Consolidated Plan and Annual Action Plan for review and approval for Community Development Block Grant (CDBG) and HOME Investment Partnership (HOME) on August 13, 2024, to the U.S. Department of Housing and Urban DEVELOPMENT (HUD).
Staff has attached two copies of each agreement by the U.S. Department of Housing and Urban Development for the awarded programs below.
Community Development Block Grant Program (CDBG) $1,122,376.00
HOME Investment Partnership (HOME) $ 392,305.04
The total amount funded for FY2024 is $1,514,681.04
Staff recommends approval of the HUD FY2024 agreements for the Community Development Block Grant (CDBG) and HOME Investment Partnership (HOME).
FINANCIAL IMPACT
Funding in the amount of $1,514,681.04 shall be deposited for CDBG and HOME as listed below.
Revenues:
Funds in the amount of $1,122,376 shall be deposited into:
Fund: 0011 - General Fund, Department: 35071 - HHS CDBG Entitlement, Account: 3315003 - Fed GRT-CDBG EN AL 14.21
Funds in the amount of $392,305.00 shall be deposited into:
Fund: 0011-General Fund, Department: 35087 - HHS-Home Invest Program, Account: 3315004 - FED GRT-Home AL 14.239
Expenses:
Funds in the amount of $1,122,376 shall be deposited into:
Fund: 0011 - General Fund, Department: 35071 - HHS CDBG Entitlement, Account: 5303401 - Contracted Services
Funds in the amount of $392,305.00 shall be deposited into:
Fund: 0011 - General Fund, Department: 35087 - HHS-Home Invest Program, Account: 5303401 - Contracted Services.
LEGAL NOTE
The Board has authority to act on this matter pursuant to Chapter 125, Florida Statutes.
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RECOMMENDATION
It is recommended that the Board approve and authorize the Chairman's signature on the following associated docu...
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