HomeMy WebLinkAboutAgenda - 09-15-2009 - 5aORANGE COUNTY
BOARD OF COMMISSIONERS
ACTION AGENDA ITEM ABSTRACT
Meeting Date: September 15, 2009
Action Agend
Item No. ~ q
SUBJECT: CDBG Pro ram -IDA Pro ram
DEPARTMENT: Housing/Community Dev. PUBLIC HEARING: (Y/N) Yes
ATTACHMENT(S):
Certificate of Completion
INFORMATION CONTACT:
Tara L. Fikes, 919-245-2490
PURPOSE: To receive public comments prior to official close-out of the County's FY 2005
Individual Development Account (IDA) Program and authorize execution of the Certificate of
Completion by the Chair of the Board of Commissioners.
BACKGROUND: In 2006, the County received $50,000 in State Community Development
Block Grant (CDBG) funds for an IDA Program for first-time homebuyers with incomes below
80% of the area median income. Funds from this grant were used to match first-time
homebuyer participant's savings for a downpayment to purchase their first home. The match
ratio is 2:1. For example, if a participant saved $1,000 toward the down payment on a home,
their savings are matched with $1,000 in CDBG funding and $1,000 in local funding equating to
a 2:1 match of local savings. The original application proposed serving 20 participants. The
grant period officially ended on January 31, 2009 and a summary of the program activities
follows.
A total of 248 families contacted The Women's Center, program administrator of the IDA
Program, expressing interest in the program. During the three (3) year grant term a total of
eight (8) families were approved to participate in the program. Of those eight families, four
withdrew from the program due to income reductions and the inability to either secure a loan or
locate a suitable house. The remaining four (4) families actually purchased a home during this
grant acquiring assets totaling $592,000. The table below describes the participant families.
LOCATION Annual
Hshld
Income
Hshld
Size
Income Cate o
Household Racial
Com osition
Purchase Price
$ <30 < 50 < 60 < 80 An Bk As Hs Wt Oth
Hillsborou h 26,261 6 x x $ 150,000
Mebane 22,487 3 x x $ 125,000
Cha el Hill 47,817 4 x x $ 122,500
Carrboro 53,568 4 x x $ 195,000
$ 592,500
2
From the $50,000 CDBG Grant, approximately $4,000 was provided in matching funds, $10,000
in administrative expense, and $20,000 in education expenses for a total grant expenditure of
$34,000. The remaining $16,000 will be de-obligated by the County and retained by the
Division of Community Assistance (DCA) for use in future program years.
In order to complete the grant closeout process, the N.C. Department of Commerce requires
that a public hearing be held prior to the official closeout of the IDA Program to assess the
performance of the County in administering the grant program. All comments received during
the hearing should be reviewed to determine the level of consistency with program goals. In
addition, the County is required to execute the Certificate of Completion form that is included
with this abstract.
FINANCIAL IMPACT: None
RECOMMENDATION(S): The Interim Manager recommends:
1) Receiving comments from the public regarding the execution of this grant and
subsequently closing the public hearing; and
2) Authorizing execution of the Certificate of Completion by the Chair on behalf of the Board
of Commissioners.
C'PrtifiratP of f'mm~letinn
1 Nam of Reci Tent: Oran Coun 3. Pro'ect Number: C-1
2. Grant Num er: OS-C-14 4 4. Pro' c Name: IDA Pr ram
5. Final Statement of Costs
To Be Completed
B Reci Tent To Be Completed
B DCA
Program Activity Categories
a Paid
Costs
b Unpaid
Costs
c Total Costs
(Col. b + c)
d Approved
Total Costs
e
a. Ac uisition
b. Dis osition
c. Public facilities and im rovements
1 Senior and handica ed centers
2 Parks la rounds and recreation facilities
3 Nei hborhood facilities
4 Solid waste dis osal facilities
5 Fire rotection facilities and a ui ment
6 Parkin facilities
7 Public utilities other than water and sewer
8 Water and sewer im rovements
9 Street im rovements
10 Flood and draina a im rovements
11 Pedestrian im rovements
12 Other ublic facilities
13 Sewer im rovements
14 Water im rovements
d. Clearance activities
e. Public services
f. Relocation assistance
. Construction rehab. and reservation activities
1 Construction or rehab. of com. & Indust. bld s.
2 Rehabilitation of rivatel owned buildin s
3 Rehabilitation of ublicl owned buildin s
4 Code enforcement
5 Historic reservation
h. Develo ment financin
1 Workin ca ital
2 Machine and a ui ment
i. Removal of architectural barriers
'. Other activities 24 000 24 000
k. Sub otal 24 000 24 000
1. Plannin
m. Administration 10 000 10 000
n. Total 34 000 34 000
o. Less: Pro am Income A lied to Pro am Costs
E ual: Grant Amount A lie to Pro . osts 34 000 34 000
6. Com utation of Grant Balance
Description To Be
Completed By
Reci Tent To Be
Completed By
DCA
(a)
Amount
b Approved
Amount
c
1 Grant Amount A lied To Pro ram Costs From Line 34 000
2 Estimated Amount For Unsettled Third - P Claims 0
3 Subtotal 34 000
4 Grant Amount Per Grant A reement 50 000
5 Unutilized Grant To Be Canceled Line 4 Minus Line 3 16 000
6 Grant Funds Received 34 000
7 Balance of Grant Pa able Line 3 Minus Line 6 * 0
* If Line 6 exceeds Line 3, enter the amount of the excess on Line 7 as a negative amount. This amount shall be
repaid to DCA by check, unless DCA has previously approved use of these funds.
a
7. Pro ram Income
a) Amount of existing program income: $ ~
b) Amount of anticipated program income: $ 0
c) If program income exists or is anticipated, describe the proposed application(s):
8. Un aid Costs and Unsettled Third Pa Claims
List any unpaid costs and unsettled third party claims against the recipient's grant. Describe the circumstances and amounts involved.
N/A
9. Remarks For DCA Use Onl
10. Certification of Reci ient
It is hereby certified that all activities undertaken by the Recipient with funds provided under the grant agreement identified on page 1
hereof, have , to the best of my knowledge, been carried out in accordance with the grant agreement; that proper provisions have been
made by the Recipient for the payment of all unpaid costs and unsettled third party claims identified on page 1 hereof; that the State
of North Carolina is under no obligation to make any further payment to the Recipient under the grant agreement in excess of the
amount identified on Line 7 hereof; and that every statement and amount set forth in this instrument is, to the best of my knowledge,
true and correct as of this date.
Date Typed Name and Title of Recipient's Signature of Recipient's
Authorized Representative Authorized Representative
Name:~lerie Foti~~ee
Title: r_h~: ir, n~.~gr_re 13oarcl c~rorrunissioner~ ~I
11. DCA A royal
This Certification of Completion is hereby approved. Therefore, I authorize cancellation of the unutilized contract commitment and
related funds reservation and obligation of $ ,less $ previously authorized for
cancellation (from Section 6, line 6, a e 1 .
Date Typed Name and Title of DCA Authorized Official Signature of DCA Authorized Official
William A. McNeil
Director, Division of Community Assistance ~
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