SUBJECT
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Approve the Amendment No.1 to the Mortgage Assistance Subaward Agreement with HANDS of Central Florida, Incorporated ($50,000.00 one-time expense).
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DESCRIPTION
The County and HANDS of Central Florida, Inc. entered a Mortgage Assistance Subaward Agreement (the "Agreement") with an Effective Date of April 01, 2022, for the distribution of $979,000.00 in Mortgage Assistance funds to benefit low and moderate income families. The federal government provided CDBG-CV1 funds to assist eligible Polk County households that are unable to pay their mortgage due to the COVID-19 pandemic.
Hands of Central Florida, Inc. has asked the County to extend their contract to September 30, 2023, and for additional processing services in order to provide quality service to eligible homeowners who are behind on their mortgage.
This proposed amendment No. 1 will allocate an additional $50,000.00 of CDBG-CV Mortgage Assistance Funds to HANDS of Central Florida, Incorporated for processing services and extend the date to September 30, 2023. The proposed amendment No. 1 will bring the total contract amount to $1,029,000.00.
RECOMMENDATION
Approve Amendment No. 1 to the Mortgage Assistance Subaward Agreement with HANDS of Central Florida, Inc.
FISCAL IMPACT
Funds are budgeted in the Special Revenue Grant fund.
CONTACT INFORMATION
Jennifer Cooper
Housing & Neighborhood Development Manager
jennifercooper@polk-county.net
863-534-5209