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AGENDA ITEM SUMMARY FORM
FILE ID:
Law Department
Matter ID No.
Date: 4/17/2025 Requesting Department: Housing & Community Development
Commission Meeting Date: 5/22/2025 District Impacted: All
Type: X Resolution Ordinance Emergency Ordinance Discussion Item Future Legislation Other
Subject: ALLOCATE HOME PROGRAM INCOME/RECAPTURED FUNDS
Purpose of Item:
AUTHORIZING THE ALLOCATION OF PROGRAM INCOME FROM HOME INVESTMENT
PARTNERSHIPS ("HOME") FUNDS GENERATED FROM JANUARY 1, 2025 TO MARCH 31, 2025,
IN THE AMOUNT OF $13,788.21 AND AN ADDITIONAL AMOUNT OF $113,368.66 OF
RECAPTURED FUNDS FOR A TOTAL AMOUNT OF $127,156.87, AS SPECIFIED IN EXHIBIT "A,"
ATTACHED AND INCORPORATED; FURTHER AUTHORIZING THE CITY MANAGER TO
NEGOTIATE AND EXECUTE ALL THE NECESSARY DOCUMENTS, INCLUDING
AMENDMENTS, EXTENSIONS, AND MODIFICATIONS, ALL IN A FORM ACCEPTABLE
TO THE CITY ATTORNEY, SUBJECT TO ALL FEDERAL, STATE AND LOCAL LAWS
THAT REGULATE THE USE OF SUCH FUNDS, FOR SAID PURPOSES.
Background Information:
See attached
Budget Impact Analysis
Yes No x Is this item related to revenue?
Yes No x Is this item an expenditure? If so, please identify funding source below.
General Account No:
Special Revenue Account No:
CIP Project No:
Yes No x Is this Item funded by bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact: $127,156.87
Sponsorship Information
(This section is not required for items that have Citywide impact.)
Yes x No Has the District Commissioner been advised of this item?
Please check which of the following applies:
The District Commissioner will sponsor the item. Specify district below.
D1: D2: D3: D4: D5:
The District Commissioner will NOT sponsor the item.
Response pending from District Commissioner.
Does the item require approval from the following departments?
Grants
Procurement
Risk
„:4
Dept. Director: a.
Final Approval
17528 Agenda Summary Form -SUB
Page 1 of 1
Date: 04/21/2025
I SUBSTITUTED
AGENDA ITEM SUMMARY FORM
File ID: #17527
Requesting Department: Department
Housing and Community Developme
Commission Meeting Date: 05/22/2025 Sponsored By: Miguel Gabela, D. ' ian
Pardo, Joe Carollo, Christine Kin
District Impacted: All
Type: Resolution
Subject: Allocate - HOME Program Income/Recaptured Funds - Jan - arch 2025
Purpose of Item:
ALLOCATING PROGRAM INCOME FROM HOME INVESTMT PARTNERSHIPS
("HOME") FUNDS GENERATED FROM JANUARY 1, 202 0 MARCH 31, 2025, IN
THE AMOUNT OF $13,788.21 AND AN ADDITIONAL A jUNT OF $113,368.66 OF
RECAPTURED FUNDS FOR A TOTAL AMOUNT OF $ 7,156.87, AS SPECIFIED IN
EXHIBIT "A," ATTACHED AND INCORPORATED; F THER AUTHORIZING THE
CITY MANAGER TO NEGOTIATE AND EXECUTE LL THE NECESSARY
DOCUMENTS, INCLUDING AMENDMENTS, EX ' NSIONS, AND MODIFICATIONS,
ALL IN A FORM ACCEPTABLE TO THE CITY ORNEY, SUBJECT TO ALL
FEDERAL, STATE AND LOCAL LAWS THA - EGULATE THE USE OF SUCH
FUNDS, FOR SAID PURPOSES.
Background of Item:
The Department of Housing and C. munity Development ("Department") receives
diverse types of repayments fro oans provided to developers and homeowners which
are required to be used for elig'' e program activities.
From January 31, 2025, to arch 31, 2025, the Department collected an amount of
$13,788.21 in Home Inve ment Partnerships Program ("HOME") program income and
an amount of $113,368 •6
in recaptured funds f• a total of $127,156.87 ("Funds").
Pursuant to HO regulations 24 CFR Part 92.503, program income and recapture
amount must b- used for eligible HOME activities.
The Depa ent recommends allocating the Funds to the eligible HOME activities
specified Exhibit "A," attached and incorporated.
Bud • t Impact Analysis
I m has NOT an Expenditure
tem is NOT Related to Revenue
Item is NOT funded by Bonds
Total Fiscal Impact:
Total Fiscal Impact: $127,156.87
Reviewed By
Department of Housing and Community Development
Review Completed 04/21/2025 4:22 PM
Office of Management and Budget Luis Hernandez -Torres
Office of Management and Budget Marie Gouin
City Manager's Office Larry M. Spring
City Manager's Office Natasha Colebrook -Williams
City Manager's Office Arthur Noriega V
Legislative Division Valentin J Alvarez
Office of the City Attorney Raymond Pereira
Office of the City Attorney George K. Wysong III
City Commission Todd B. Hannon
Victor Tumer
Budget Analyst Review
Budget Review
Assistant City Manager Review
Deputy City Manager Review
City Manager Review
Legislative Division Review
ACA Review
Approved Form and Correctness
Meeting
Department
Complete
Complet
Compl' •d
Com- •ted
Co pleted
mpleted
ompleted
Completed
Pending
04/22/2025 6:41 AM
04/22/2025 11:49 AM
04/22/2025 12:07 PM
04/22/2025 2:12 PM
04/23/2025 10:24 AM
04/23/2025 12:55 PM
05/08/2025 3:25 PM
05/08/2025 3:37 PM
05/22/2025 9:00 AM