ACTION REQUESTED:
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Communication from the City Manager and Community Development Director with a Request to Approve $300,000.00 in HUD HOME FUNDS to HABITAT FOR HUMANITY GREATER PEORIA AREA for the Construction of Four (4) New, Affordable, Single-Family, Owner-Occupied Homes Located at the 1000 Block of NORTHEAST MONROE STREET, Peoria, IL (Council District 1).
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BACKGROUND: On an annual basis, the City of Peoria receives HOME funds from the US Department of Housing & Urban Development (HUD). Fifteen percent (15%) of the total annual HOME allocation must be set aside for Community Housing Development Organization (CHDO) activities. As a part of the 2015 City Budget, City Council approved the allocation of $300,000 as CDHO set aside funds for the 2015 program year. This allocation exceeds the required 15% set aside amount of the total HOME funds for CHDO activities.
Per HOME regulations CHDOS are private, nonprofit, community-based, service organization that have paid staff with the capacity to develop affordable housing for the community it serves. To qualify as a CHDO, a nonprofit must demonstrate it meets the following requirements:
* Legal and tax-exempt status,
* Financial management capacity and accountability,
* Staff capacity to carry out HOME-funded activities,
* Experience serving the community,
* Board representation by community members, with at least one-third of its members low-income, and
* Lack of for-profit or public control on its Board.
On October 2, 2015, the City published notice for CHDO certification. The CHDO certification form that was released for the 2015 fund allocation is different than in years past. The form requested information from organizations to obtain CHDO certification and a separate funding request/application would be released to those organizations that meet the CHDO requirements. In previous CHDO certification processes, both the funding request/application and CHDO certification wo...
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