CLARK COUNTY BOARD OF COMMISSIONERS
AGENDA ITEM
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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)
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FISCAL IMPACT:
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Fund #: |
2011.000 |
Fund Name: |
HUD and State Housing Grants |
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Fund Center: |
1080719000 |
Funded PGM/Grant: |
1080.NVHOME.2021 |
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Amount: |
$758,218 |
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Description: |
Amendment to 2020 Agreement to Use Home Investment Partnerships Program (HOME) Funds by Clark County |
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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.