| | | | | | | | SEMINOLE COUNTY GOVERNMENT
COUNTY SERVICES BUILDING
1101 EAST FIRST STREET
SANFORD, FLORIDA
32771-1468
NSP & HOME Monthly Update for April-May 2019 | | | |
| | | | | | | | Agenda Memorandum
File Number: 2019 - 1453
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| | | | | | | | | Title: | | Approve and accept the Neighborhood Stabilization Program Snapshot/Report, pursuant to Seminole County Resolution No. 2013R61, and the HOME Program Activity Report, pursuant to Seminole County Resolution No 2015R51 for the months of April and May 2019. Countywide (Olivette Carter, Director) |
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| | | | | | | | | Contact/Phone Number: | | Olivette Carter / 407-665-2301 |
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| | | | | | | | | Background: | The County received Neighborhood Stabilization Program funds from the U.S. Department of Housing and Urban Development (HUD) in the amount of $11,014,692 between NSP 1 and NSP 3 to purchase and redevelop foreclosed and abandoned homes and residential properties. On February 12, 2013, the Board approved Resolution No. 2013R61 to grant the County Manager the authority to execute contracts for the purchase and sale of real estate properties, and other legal documents pertaining to the program. As part of that resolution, the County Manager shall submit a full report to the BCC of all NSP transaction documents executed under the authority delegated by this resolution on a monthly basis until completion and close out of the NSP Program. The attached NSP Snapshot Report provides an overview of the NSP Program and expenditure for the months of April and May 2019.
The County receives HOME Investment Partnership Program (HOME) funds from the U.S. Department of Housing and Urban Development on an annual basis. These formula grant entitlement funds are provided to Seminole County for the purpose of creating affordable housing for low income persons. Activities funded through HOME are identified in the One Year Action Plan and are designed to meet priorities identified in our Five Year Consolidated Plan. On March 10, 2015, the Board approved Resolution No 2015R51 to grant the County Manager and the Community Services Director the authority to execute.
During the month of April Community Services staff expended $30,636 in HOME funds which covered Tenant Based Rental (TBRA) subsidies for 28 elderly, persons with disabilities and homeless households and Administrative expenses. For the month of May $ 27,386 was expended which covered TBRA Rental subsidies for 25 Elderly/Disabled individuals and administrative expenses. Please see attached Report for additional details.
NSP funds in the amounts of $ 12,734 and $ 8,210 were expended for the months of April and May respectively which included administrative fees, utilities at two county own properties and retainage fees paid out for rehabilitation of the Cross Bow property. Please see attached Report for additional details |
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| | | | | | | | | Staff Recommendation: | | Staff recommends the Board approve and accept the Neighborhood Stabilization Program Snapshot/Report, pursuant to Seminole County Resolution No. 2013R61, and the HOME Program Activity Report, pursuant to Seminole County Resolution No 2015R51 for the months of April and May 2019. |
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