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HomeMy WebLinkAboutSummary FormFILE ID: AGENDA ITEM SUMMARY FORM G $-C65-52 SP.4 Date: 05/19/08 Requesting Department: Community Development Commission Meeting Date: 06/05/08 District Impacted: Type: ® Resolution ❑ Ordinance ['Emergency Ordinance ❑ Discussion Item ❑ Other Subject: Accepting U.S. HUD Entitlement Grant Funds: 2008-2009 Purpose of Item: A RESOLUTION OF THE MIAMI CITY COMMISSION, AUTHORIZING THE ACCEPTANCE OF UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ENTITLEMENT GRANT FUNDS, IN THE TOTAL AMOUNT OF $25,406,036, AS STATED HEREIN, FOR THE FOLLOWING PROGRAMS: COMMUNITY DEVELOPMENT BLOCK GRANT, HOME INVESTMENT PARTNERSHIPS, AMERICAN DREAM DOWNPAYMENT INITIATIVE, HOUSING OPPORTUNITIES FOR PERSONS WITH AIDS, AND THE EMERGENCY SHELTER GRANT FOR FISCAL YEAR 2008-2009; AUTHORIZING THE CITY MANAGER TO EXECUTE THE NECESSARY DOCUMENT(S) TO IMPLEMENT THE ACCEPTANCE OF SAID GRANT FUNDS FOR SAID PURPOSE. Background Information: The United States Department of Housing and Urban Development ("U.S. HUD") has advised the City of Miami ("City") of the entitlement grants to be received by the City under the following programs: Community Development Block Grant ("CDBG"), Home Investment Partnerships ("HOME"), American Dream Downpayment Initiative ("ADDI"), Housing Opportunities For Persons With AIDS ("HOPWA"), and the Ernergency Shelter Grant ("ESG"). Funds to be granted to the City under said programs are: (1) $8,169,495 to the CDBG Program, (2) $4,475,258 to the HOME Program (3) $27,682 to the ADDI Program (4) $12,370,000 to the HOPWA, and (5) $363,601 to the ESG Program. The Administration recommends accepting U.S. HUD Entitlement Grant Funds, in the total amount of $25,406,036 as stated herein, for the following programs: CDBG, HOME, ADDI, HOPWA, and ESG for Fiscal Year 2008-2009. Budget Impact Analysis Is this item related to revenue? Is this item an expenditure? If so, please identify funding source below. General Account No: Special Revenue Account No: CIP Project No: Is this item funded by Homeland Defense/Neighborhood Improvement Bonds? Start Up Capital Cost: Maintenance Cost: Total Fiscal Impact: Dept. Direct Chief Final Approvals (SIGN AND DATE) City Manager Page 1 of 1