SUBJECT
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Approve 2021 HOME Community Housing Development Organization (CHDO) funds for single family, new construction located in Haines City, FL. ($235,000 one-time expense).
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DESCRIPTION
Each year federal HOME grant funds are set aside for the development of affordable housing units as part of the HOME grant Polk County receives. This agreement outlines the timeline, and federal requirements for the expenditure of the HOME CHDO funds. Funds in the amount of $235,000 are available to an approved Community Housing Development Organization (CHDO) for the construction of a single-family home for a low-income home buyer in Polk County. Housing and Neighborhood Development Services of Central Florida, Inc. (H.A.N.D.S) is an approved CHDO to construct a single-family unit using these funds.
RECOMMENDATION
Recommend the Board approve this agreement between Polk County and H.A.N.D.S of Central Florida, Inc.
FISCAL IMPACT
Funds are available in the Special Revenue Grant Fund.
CONTACT INFORMATION
Jennifer Cooper
Housing & Neighborhood Dev. Manager
jennifercooper@polk-county.net
863-534-5209