Agenda - Item 8-t - Approval of Revised FY 2013 and FY 2016 HOME Funds Award and Associated Orange County Capital Investment Fund Grant Award to CHT and CASA

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request for proposals (RFP) was released on April 13, 2018 requesting applications from nonprofit housing providers eligible as CHDOs. On June 5, 2018, the BOCC took action and approved awarding the total amount of funds to Community Home Trust (CHT). Given prescribed project activities and federal regulations, staff is requesting that the BOCC amend the June 5, 2018 award as follows: FY 2013 HOME Funds: Originally the FY 2013 funds were set-aside as funds for operating assistance for CHDOs. The remaining balance of those funds is $16,670.90. On June 14, 2018, the Local Government Affordable Housing Collaborative met, and given the need for general HOME project funds, voted to revert the designation of these funds from operating assistance for CHDOs to the general HOME project funding pool. The proposed reversion is allowable by HUD as the funds were originally a part of the general HOME project funding pool. Staff recommends that the reverted funds ($16,670.90) be awarded to CHT for general homebuyer assistance activities, which is not an eligible CHDO set-aside activity according to the federal regulations. These funds must be spent and recorded in HUD’s electronic system by August 31, 2018. In addition, to mitigate any negative impacts that Community Home Trust (CHT) may incur as a result of the decrease in award funding, County staff recommends approving an award under the County’s Capital Investment Plan Land Banking Fund not to exceed $46,529.40 to CHT. The funds would be used to provide assistance to Orange County residents as previously approved and to be spent before December 31, 2018. If approved, the funds will be awarded on a per project basis and any unused funds will revert to the County. The first identified project is 105 Greenway Landing with a project amount of $25,630. These funds are needed before June 30, 2018. FY 2016 CHDO Set-Aside Funds: As noted above, a balance of $46,529.40 in CHDO set-aside funds is still available for eligible CHDO set-aside activities. These funds must be committed to eligible projects and reported in HUD’s electronic system by August 31, 2018. Staff recommends that the BOCC approve awarding funds to Community Alternatives for Supportive Abodes (CASA) and/or Community Home Trust (CHT), collectively and/or singularly, and allow staff to determine the final award amounts based on eligible project activities and needs. No award, collectively and/or singularly, will exceed the total amount of available FY2016 CHDO Set-Aside funds mentioned above. Notwithstanding the aforementioned awards to CHT, including Orange County funds, CHT will not receive more than $63,200.30 in total funding, irrespective of the pool of funding. FINANCIAL IMPACT: No negative financial impact is anticipated based on the recommended grant awards. However, any HUD funds not expended or committed, as required, will be de- obligated. 2