Agenda Item Name:
Title
Unanticipated Revenue: Community Development Block Grant-CV in support of the motel conversion
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Presenter:
Claudia Tuck, Community Support Services Director, 352-231-0058
Stephen Weeks, Community Support Services Housing Director, 352-514-0328
Description:
Receipt of Unanticipated Revenue to renovate the Budget Inn
Recommended Action:
Recommended Action
Approve receipt of the unanticipated revenue in the amount of $4,000,781.54 and the associated budget amendment; Authorize the County Manager to approve reports and other items in support of the former Budget Inn; Authorize staff to begin conversion. Authorize an interfund loan from General Fund of $2,000,000 for Grant Fund 202 and $800,000 for fund 206 to be repaid at the end of the grant, when reimbursement is received.
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Prior Board Motions:
23-0089-10/25/2022
Fiscal Consideration:
Fiscal Consideration
Federal Grant
Revenue 202.29.2963.331.5400 - $4,000,782
Expenses 202.29.2963.554.34.00 - $3,921,582
202.29.2963.554. multiple admin - $79,200
Local Match (Already Budgeted)
001.29.2963.564.62.00 - $92,471
Fund 202 CDBG-CV grant fund $2,000,000 interfund loan.
Fund 206 Affordable Housing Trust fund $800,000 interfund loan.
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Strategic Guide:
Strategic Guide
Housing
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Background:
The State of Florida was allocated over $90 million by the U.S. Department of Housing and Urban Development (HUD) for the CDBG-CV program. Alachua County, like other units of local government participated in a competitive application process to receive CDBG -CV fundings. Programs funded through the CDBG-CV program must meet one of the three "national objectives" established by HUD: primarily benefiting low-to moderate income individuals, addressing slum or blight, or meeting an urgent need within a community.
Alachua County was awarded $4,000,781.84 in CDBG-CV funds to convert a thirty-six-room motel into housing for the homeless. The agreement period: 3/1/2022-9/30/2...
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