TITLE: Title
Updates to the Guidelines for the Affordable Housing Special Revenue Fund
PURPOSE: The purpose of this item is to make updates to the Guidelines for the Affordable Housing Special Revenue Fund.
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DEPARTMENT: Town Manager’s Office
CONTACT INFORMATION: Julie Eckenrode, jeckenrode@townofcarrboro.org <mailto:jeckenrode@townofcarrboro.org>, 919-918-7308
INFORMATION: Two changes are being proposed to the Guidelines for the Affordable Housing Special Revenue Fund.
A change to 4-J would expand the eligibility for rental and utility deposit grants to include Permanent Supportive Housing, Rapid-Re-housing, HUD-VASH and Housing Opportunities for Persons with AIDS (HOPWA). This expansion would make this program consistent with what is offered by similar programs throughout the county.
A change to section 6 would allow the Town Manager to approve or deny funding applications for no more than $5,000 or 15% of the existing fund, whichever is lower. This change was requested by the Board of Aldermen.
Attachment A shows a track changes version with the proposed language for both updates.
Both of these changes are supported by Affordable Housing Advisory Commission.
FISCAL & STAFF IMPACT: There is no fiscal or staff impact to these changes.
RECOMMENDATION:r It is recommended that the Board of Alderman pass the resolution that will approve these updates.