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47 <br /> 1 Slide #1 <br /> HOME Consortium Action <br /> initial Updated <br /> ' • • ` <br /> Recommendation <br /> CASA 177/225 $500,000 $314,047 $222yl20 <br /> Cedar Village <br /> ❑CPEH 140/195 $267,948 $197,442 $136y499 <br /> Rapid Rehousing <br /> Habitat 132/225 $395,850 $- 0.0% <br /> Second Mortgages <br /> EmPOWERment 128.51225 $200,000 $- 0.0% <br /> Rental Acquisition <br /> $1,363,798 �Gmm <br /> *Amounts updated based on HUD's release of official allocation on Ma's;7Amount includes HUD <br /> allocation +Program Income ($28,306�Administrative Expenses ($36,701) <br /> 2 <br /> 3 Blake Rosser said there was a change from the April 16t" presentation given during the <br /> 4 public hearing. He indicated that an updated recommendation is listed in the last column in the <br /> 5 table. <br /> 6 <br /> 7 Slide #2 <br /> ProjectFY24 HOME Award <br /> CASA CCPEH <br /> Funding Request $ 04,000 $267,948 <br /> ProjectUescriptlon Gap financing for Cedar ViLLage,a72-unitapartmentcommunity Funningtoaaminlsterlenano-n8 sea rewIasslstanceto15 <br /> scattered Wolfs <br /> SQ%AMI or le33,28 House holds <br /> Incorm Ta rgating 3Q%50%AML• 25HousehoL15 30%AMlor Less;t5liousehoLds <br /> 50%-8Q%AMIr 19Houaeholda <br /> House holds at or below 3Q%,5Q%,and SQ%AM 1,with units Bet Individuals currently experiencing homalessnessin4range County. <br /> PoputatlooTargeting aside for vetersnreferraLaandreteme[9 fur hnusehokfa Rea ing with priority give ntohousehokfa with zeroincomeandwithheads. <br /> domestlo vloLerTce, othouseh&cl who have muLdple disabGngconditions. <br /> ProjectLocatrah eehlnaewaanlelaeonesquarelnHlLtsnorougn scattereaslteslnorangeceuntyand urrowmingAreas <br /> Levecagirlg total non-HOME project lunaln,g IsS116.3 mIILIon Total non-HOME project lunaing Is$5@4,787 <br /> Leverage ratlo of-97:t Leverage ratlo of-2=1 <br /> Cost refectivanots Budget"costs appear masonanLe,appropriate.anaconslstent auageled costs appear reasonable.approprlate,anaoonslstent <br /> with ac 1dues wltri actjvIdes <br /> Applicant Capacity Return applics nt with on-track projects ThisiaanewappLicantwiararegionalaupportne[work <br /> 8 <br /> 9 <br /> 10 <br />