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On agenda:
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4/1/2025
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Final action:
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Title:
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Conduct a public hearing to review the project recommendations of Staff and the Community Development Advisory Committee (CDAC), and select projects and allocations for inclusion into Clark County's FY2025 HUD Annual Action Plan and application to the State of Nevada's Housing Division for a total of approximately $7,040,417 in FY 2025-2026 HOME/AAHTF program monies; authorize prior years' unspent or returned HOME/AAHTF funds-an amount of $3,096,062-for reallocation; authorize staff to prepare and submit all necessary documents/ applications, per HUD and State of Nevada deadlines and requirements; and authorize the County Manager, or his designee, to execute any necessary documents related thereto. (For possible action)
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CLARK COUNTY BOARD OF COMMISSIONERS
AGENDA ITEM
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Petitioner: |
Lisa Kremer, Deputy County Manager Dagny Stapleton, Community Housing Administrator |
Recommendation:
title
Conduct a public hearing to review the project recommendations of Staff and the Community Development Advisory Committee (CDAC), and select projects and allocations for inclusion into Clark County's FY2025 HUD Annual Action Plan and application to the State of Nevada's Housing Division for a total of approximately $7,040,417 in FY 2025-2026 HOME/AAHTF program monies; authorize prior years' unspent or returned HOME/AAHTF funds-an amount of $3,096,062-for reallocation; authorize staff to prepare and submit all necessary documents/ applications, per HUD and State of Nevada deadlines and requirements; and authorize the County Manager, or his designee, to execute any necessary documents related thereto. (For possible action)
body
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.FEDHOME/NVHOME/AAHTF.2026 and other FEDHOME/NVHOME/AAHTF grants with unexpended monies |
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Amount: |
$10,136,479 |
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Description: |
Federal HOME, State HOME, and AAHTF |
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Additional Comments: |
Application by Clark County will entitle the Consortium to receive from HUD an estimated $4,021,097 in Federal FY2025 HOME funds, an estimated $694,110 in FY2025 funds from the State of Nevada and $2,325,210 in FY2025 AAHTF from the State of Nevada. An additional $3,096,062 in HOME/AAHTF funds and program income from prior years that were unspent or returned to the County is available for allocation. |
BACKGROUND:
As the lead agency for the Clark County "Urban County" HOME Consortium, Clark County administers federal HOME funds from HUD, and HOME and Account for Affordable Housing Trust Fund (AAHTF) monies from the State of Nevada. The Board of County Commissioners (Board) has final authority over the allocation of these monies, subject to Clark County meeting federal requirements. The attached Agenda Item Development Report (AIDR No. 3753) includes the recommended uses of these funds, along with additional details. Included is: a list of affordable housing project recommendations for the Board's consideration that incorporates the review of staff and the recommendation of the County's Community Development Advisory Committee (CDAC); as well as recommendations for the reservation of allowed administrative funds, an off-cycle set aside, and the pro-rata share of the HOME/AAHTF monies for the City of North Las Vegas, Clark County's Consortium partner.
The five (5) affordable housing projects being recommended for a total of $5,541,330 in HOME/AAHTF funding include: one (1) project that will rehabilitate 207-units of affordable housing for seniors, one (1) project that will provide 121-units of affordable family housing, one (1) project that will provide 40-units of affordable family housing, one (1) project that will provide rehabilitation to 116-units of affordable senior housing and one (1) project will provide 120 units of affordable housing to families.
Two (2) affordable housing projects are being recommended upon contingency, if additional funds become available, for a total of $2,800,000 in HOME/AAHTF funding may be awarded to: one (1) project that will provide 184-units of affordable family housing and one (1) project that will provide 390-units of affordable family housing.
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