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Date
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May 18, 2009
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Agenda
Item No. 41 Roll
Call No. 09-
Communication No.
09-348 Submitted by:
Larry Hulse, Community Development Director |
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AGENDA
HEADING:
Authorizing the Mayor to sign Amendment #3 of the Community
Development Block Grant Housing Disaster Recovery Fund Contract with Iowa
Department of Economic Development (Contract Number 08-DHR-009).
SYNOPSIS:
The amendment provides the second half of the
original allocation of funds. The City
of Des Moines was originally allocated $1,177,013 for the Jumpstart Housing
Assistance Program. The original
contract (08-DHR-009) provided
access to half of those funds. This
amendment provides access to the remaining $588,507.
FISCAL
IMPACT:
Amount:
$588,507
Funding Sources: The
Iowa Department of Economic Development is administering the Federal Community
Development Block Grant (CDBG) Disaster Recovery Funds per a statewide
allocation plan approved by Housing and Urban Development.
ADDITIONAL
INFORMATION:
On September 30, 2008 by Roll Call 08-1711 Council
approved the Jumpstart Housing Assistance Program Grant Agreement with the Iowa
Finance Authority which provided funding in the amount of $658,711.43 for three
housing programs to assist residents impacted by the heavy rain and flooding
events of 2008. The programs created,
Jumpstart Housing Assistance, allow Des Moines homeowners impacted by last
summer’s rain and flood events to access funds for down payment assistance,
housing repair/rehabilitation, and interim mortgage assistance. The programs have been expanded to include
repair/rehabilitation assistance to landlords as well.
Since the initial State funding was awarded in
September of 2008, three additional allocations have been awarded to Des Moines
for the Jumpstart Housing Assistance Programs:
- $1,177,014 in Federal
Community Development Block Grant (CDBG) funds administered by the Iowa
Department of Economic Development (IDED).
Half of these funds were provided to the City by the approval CDBG Housing Disaster
Recovery Fund Contract with Iowa Department of Economic Development on October
13, 2008 (Roll Call 08-1810). The other half of these funds are
provided through this amendment (Amendment 3) which the mayor is required
to sign by IDED.
- $790,453.71 from the State of Iowa via House
File 64 and administered by the Iowa Finance Authority (IFA). Council authorized receipt of these
funds through a grant agreement amendment on February 9, 2009 by Roll Call
09-236.
- $1,008,869 in CDBG funds administered by the IDED. Council authorized receipt of
these funds through authorization of the Iowa
Department of Economic Development (IDED) Community Development Block
Grant (CDBG) Housing Disaster Recovery Fund Contract (08-DHR-209).
- Total Jumpstart Budget: $3,635,048.10
PREVIOUS
COUNCIL ACTION(S):
Date: October 13, 2008
Roll
Call Number: 08-1810
Action: Approving
CDBG Housing Disaster Recovery Fund Contract with Iowa Department of Economic
Development. Sponsor: Mahaffey. (Council
Communication No. 08-628) Moved by Mahaffey to adopt. Motion Carried
6-1. Absent: Cownie.
BOARD/COMMISSION
ACTION(S): NONE
ANTICIPATED
ACTIONS AND FUTURE COMMITMENTS: NONE
For more information on this and other agenda items,
please call the City Clerk’s Office at 515-283-4209 or visit the Clerk’s Office
on the second floor of City Hall,