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FULL PACKET_2017-09-19
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FULL PACKET_2017-09-19
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9/19/2017 2:13:14 PM
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City Clerk
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Agenda Packet
Agency
Clerk of the Council
Date
9/19/2017
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Leveraging <br />Explain how federal funds leveraged additional resources (private, state and local funds), <br />including a description of how matching requirements were satisfied, as well as how any <br />publicly owned land or property located within the jurisdiction that were used to address the <br />needs identified in the plan. <br />Cities receiving HOME Program funds are generally required to provide a HOME match of 25% <br />of their annual allocation. The City of Santa Ana has qualified for a HOME match reduction of <br />100%, therefore not requiring the City to provide any match as part of the HOME Program. The <br />ESG program requires a dollar -for -dollar match requirement. However, the City requires the <br />match requirement to be met through its funded agencies. There is no match requirement for <br />the CDBG program. <br />In addition, the City of Santa Ana's local inclusionary housing generated funds that <br />were matched HOME and CDBG funds for the develo M nt of the Sana Ana Arts Collective, a <br />58 -unit multi -family affordable housing project. <br />Fiscal Year, Sum)ma'ry —HOME Match <br />1. Excess match from prior Federal,16cal y'aP <br />0 <br />2. Match contributed during current\Feflejal-ftscalyear <br />0 <br />3. Total match available forcurrent-Fedkral fiscal year (Line 1 plus Line 2) <br />0 <br />4. Match liability for curien't Fed'etalfiscal year <br />0 <br />5. Excess match car ried'ower to nextiFederal fiscal year (Line 3 minus Line 4) <br />0 <br />Tabl_ e 5 -Fiscal Year Summary - HOME Match Report <br />OMB Control No: 2506-0117 (exp. 06/30/2018) <br />CAPER <br />19D-15 <br />
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