CLARK COUNTY BOARD OF COMMISSIONERS
AGENDA ITEM
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Petitioner: |
Jessica Colvin, Chief Financial Officer Dagny Stapleton, Community Housing Administrator |
Recommendation:
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Authorize the Chair to sign an Amendment to the Interlocal Agreement with the State of Nevada, Department of Business and Industry, Nevada Housing Division, for CBE No. 606838-23, for 2024 Agreement to Use Account for Affordable Housing Trust Funds by Clark County; or take other action as appropriate. (For possible action)
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FISCAL IMPACT:
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Fund #: |
2011.000 |
Fund Name: |
HUD & State Housing Grants |
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Fund Center: |
1080719000 |
Funded PGM/Grant: |
1080.AAHTF.2024 |
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Amount: |
No fiscal impact |
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Description: |
2024 Agreement to Use Account for Affordable Housing Trust Funds by Clark County |
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Additional Comments: |
Amendment No. 1 has no fiscal impact |
BACKGROUND:
On December 5, 2023, the Board of County Commissioners (Board) approved the award of CBE No. 606838-23 to the State of Nevada, Department of Business and Industry, Nevada Housing Division to provide Clark County Social Services trust funds to assist with tenant based rental assistance, emergency assistance, security/utility deposits, rental housing development, and rental housing rehabilitation.
The following are the pertinent provisions of the Agreement:
• The term of the Agreement was from July 1, 2023 through June 30, 2026.
• Includes the County's option to terminate for cause, convenience or default and suspend the Agreement with advanced written notice.
Approval of Amendment No. 1 will extend the expenditure date from June 30, 2026 to June 30, 2027. The attached Amendment No. 1 document details the modifications involved.