CLARK COUNTY BOARD OF COMMISSIONERS
AGENDA ITEM
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Petitioner: |
Les Lee Shell, Deputy County Manager Timothy Burch, Administrator of Human Services |
Recommendation:
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Authorize the Chair to sign an Amendment to Interlocal Agreement No. CFDA 14.239 with the State of Nevada, Department of Business and Industry, Nevada Housing Division, for CBE No. 606019-21, to use Home Investment Partnership (HOME) Program; 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.NVHOME.2022 |
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Amount: |
No Fiscal Impact |
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Description: |
Home Investment Partnership (HOME) Program |
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Additional Comments: |
The initial Agreement amount to be disbursed to County was $784,738. Amendment No. 1 has no fiscal impact. |
BACKGROUND:
On December 7, 2021, the Board of County Commissioners (Board) approved the award of CBE No. 606019-21 to the State of Nevada, Department of Business and Industry, 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 following are the pertinent provisions of the Agreement:
• The term of the Agreement was from December 7, 2021 through June 30, 2026.
Approval of Amendment No. 1 will update Section 3 of the Housing and Urban Development (HUD) Act of 1968 from 24 CFR Part 135 to now reflect 24 CFR Part 75. The attached Amendment No. 1 document details the modifications involved.