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 State of Nevada, Department of Business and Industry, Nevada Housing Division, for CBE No. 606369-22, for 2023 Agreement to Use Account for Affordable Housing Trust Funds by Clark County HOME Consortium; 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.AAHTF.2023 |
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Amount: |
No fiscal impact |
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Description: |
2023 Agreement to Use Account for Affordable Housing Trust Funds by Clark County HOME Consortium |
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Additional Comments: |
The initial Agreement amount to be disbursed to County was $2,918,308. Amendment No. 1 has no fiscal impact. |
BACKGROUND:
On November 15, 2022, the Board of County Commissioners (Board) approved the award of CBE No. 606369-22 for 2023 Agreement to Use Account for Affordable Housing Trust Funds by Clark County HOME Consortium to the State of Nevada, Department of Business and Industry, Nevada Housing Division to provide 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, 2022 through June 30, 2025.
• Included the County’s option to terminate for cause, convenience or default and suspend the Contract with advanced written notice.
Approval of Amendment No. 1 will extend the Agreement term through June 30, 2026. The attached Amendment No. 1 document details the modifications involved.