LEGISLATIVE ACTION ITEM
SPONSOR: D.C. Reeves, Mayor
SUBJECT:
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HOME INVESTMENT PARTNERSHIPS PROGRAM INTERLOCAL AGREEMENT WITH ESCAMBIA COUNTY
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RECOMMENDATION:
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That City Council approve the HOME Investment Partnerships Program (HOME) interlocal agreement with Escambia County providing for the City of Pensacola ’s participation in the HOME program to implement Homebuyer Assistance activities. Further, that City Council authorize the Mayor to take the actions necessary to execute and administer the agreement, consistent with the terms of the agreement and the Mayor’s Executive Powers as granted in the City Charter.
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HEARING REQUIRED: No Hearing Required
SUMMARY:
The Cranston-Gonzalez National Affordable Housing Act of 1990 authorized contiguous local jurisdictions to enter a consortium for purposes of receiving funds and administering activities allowed under the HOME Investment Partnerships Program’s regulations. The City of Pensacola and Escambia County originally entered into the HOME Consortium Interlocal Agreement in 1993. A new HOME Consortium Interlocal Agreement including the City, Santa Rosa County, and the City of Milton was executed on June 22, 1999, which has been automatically renewed every three years, most recently in June 2020. HOME funds are used to support the production and preservation of affordable rental and owner-occupied housing as outlined in the Consortium’s Consolidated and Annual Action Plans. Allocations to each local government within the HOME Consortium are prescribed by HUD.
The Agreement includes $169,428, which is allocated to support the program year 2022 Homebuyer Assistance activity within the City of Pensacola. Additionally, the Agreement specifies allocations for program years 2022 ($125,000), 2021 ($100,000), and 2020 ($150,000); respectively, for the Homebuyer Assistance activity administered by the City county-wide. Homebuyer Assistance Activities include down payment/closing cost assistance, second mortgage assistance, or new construction as well as program administration expenses. These activities enable low-income homebuyers to purchase an attainable home.
The City of Pensacola is responsible for assuring compliance with all regulatory, statutory, and administrative requirements associated with HOME activities undertaken in the City. Escambia County, as the lead entity, acts as fiscal agent, provides limited administrative authority for the program’s implementation, and maintains final approval authority with regard to the expenditure of HOME activity and administrative funds. Both jurisdictions cooperatively develop program policies, procedures, and actions required to implement the program.
PRIOR ACTION:
None
FUNDING:
Budget: $164,900
Actual: $169,428
FINANCIAL IMPACT:
The difference in the budgeted and actual funding levels is due to the U.S. Department of Housing and Urban Development allocating additional funding to the program. The additional funding will be allocated through the budget process.
LEGAL REVIEW ONLY BY CITY ATTORNEY: Yes
1/31/2023
STAFF CONTACT:
Kerrith Fiddler, City Administrator
David Forte, Deputy City Administrator - Community Development
Marcie Whitaker, Housing Director
ATTACHMENTS:
1) Interlocal Agreement for HOME Investment Partnerships Program
PRESENTATION: No end