File #: 24-1438   
Status: Passed
File created: 10/21/2024 In control: Clark County Board of Commissioners
On agenda: 11/5/2024 Final action: 11/5/2024
Title: Approve and authorize the Chair to sign the First Amendment to the Agreement to Use 2020 Home Investment Partnerships Program (HOME) CFDA # 14.239 Funds-between Clark County Consortium and the State of Nevada, Department of Business and Industry, Nevada Housing Division; or take other action as appropriate. (For possible action)
Attachments: 1. Staff Report, 2. State HOME Funds Extension 20-21 - 1st Amendment

CLARK COUNTY BOARD OF COMMISSIONERS

AGENDA ITEM

 

Petitioner:

Jamie Sorenson, Social Service Director

Recommendation: 

title

Approve and authorize the Chair to sign the First Amendment to the Agreement to Use 2020 Home Investment Partnerships Program (HOME) CFDA # 14.239 Funds-between Clark County Consortium and the State of Nevada, Department of Business and Industry, Nevada Housing Division; or take other action as appropriate.  (For possible action)

body

 

 

FISCAL IMPACT:

Fund #:

2011.000

Fund Name:

HUD and State Housing Grants

Fund Center:

1080719000

Funded PGM/Grant:

1080.NVHOME.2021

Amount:

$758,218

Description:

Amendment to 2020 Agreement to Use Home Investment Partnerships Program (HOME) Funds by Clark County

Additional Comments:

This is an extension of time to use the initial total Agreement award disbursed to County in the amount of $758,218

 

BACKGROUND: 

This Agreement is for State of Nevada Housing Division to provide HOME Program Funds to Clark County, the
lead agent of the Clark County HOME Consortium, to assist with qualified projects under HOME program rules,
statutes, and regulations for the production of multifamily rental properties through acquisition, new construction,
and rehabilitation in order to provide affordable housing assistance to qualified clients.

The proposed amendment is to extend the deadline to expend these funds to June 30, 2025.  These funds have been committed to awardees and are on schedule to be disbursed prior to the amended deadline.

The recommendation of award is in accordance with NRS 277.180. The parties are authorized to enter into
interlocal contracts to perform governmental functions and activities.

This item has been reviewed, as to form, by the District Attorney's Office.