COUNTY OF ALBEMARLE
Thomas Jefferson HOME Consortium
Allocation of HOME fund
Bob Tucker, Roxanne White, Larry Davis, Ron White
LEGAL REVIEW: Yes
March 15, 2006
ACTION: X INFORMATION:
The U.S. Department of Housing and Urban Development (HUD) annually provides funding under the HOME Investment Partnership Program to units of state and local government through formula allocations. While larger jurisdictions individually receive funding under established formulas, those that do not may form a consortium in order to receive an allocation of HOME funds.
Albemarle County has participated as a member of the Thomas Jefferson HOME Consortium (six jurisdictions of the Planning District) since 1992 sharing in over $10 million in HOME funds to support affordable housing initiatives in the region. HUD requires that an Action Plan be developed annually prior to receipt of HOME funds to provide a summary of current year activities and a proposal on how funds will be used for the coming year. A detailed annual performance plan is prepared for HUD after the end of the fiscal year.
Goal 3.2: Promote a variety of safe, sanitary and affordable housing types.
Each locality receives an equal annual allocation estimated next year at $117,007 for project funding and $5,315 in administrative funds. This year’s allocation represents a 15% reduction from last year. In prior years funding has primarily been used to support housing rehabilitation projects through AHIP. In the past two years, we reserved a total of $80,000 to use for downpayment assistance and earmarked the balance of approximately $100,000 annually for rehab. Only $32,000 of the reserved $80,000 has been used to date. AHIP has reserved or expended all funds set aside for rehab. This year (AHIP) projects using approximately $98,000 to support the rehab of 6 houses as the designated subrecipient for the County.
There is no direct budget impact on the County. The County provides support for staffing and operations of AHIP. HOME funds will flow directly to AHIP to support project activity.
Staff recommends that the Board of Supervisors (1) allocate the full amount of HOME funds ($122,322) for the rehabilitation of substandard houses and associated administrative costs; and (2) designate AHIP as the receipt of the HOME funds.
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