Title:
title
Request Board approval to submit a grant application to the U.S Housing and Urban Development (HUD) for the Pathways to Removing Obstacles to Housing (PRO Housing) grant requesting up to $7,000,000 to facilitate affordable housing production and preservation activities in the County, and authorize the County Manager or designee to execute the grant application and supporting documents as required for the grant. Countywide (Lorie Bailey Brown, CFO/Resource Management Director) Requesting Department - Community Services
end
Division:
division
Resource Management - Grants Administration
body
Authorized By:
Lorie Bailey Brown, CFO/Resource Management Director
Contact/Phone Number:
George Woodring/407-665-7168
Background:
The U.S. Housing and Urban Development Pathways to Removing Obstacles to Housing (PRO Housing) grant funding to assist with affordable housing. Seminole County Community Services is requesting to submit a $7 million, five-year grant application to facilitate affordable housing production, and preservation activities identified in the Attainable Housing Strategic Plan. If awarded, grant funds will be used to fund new construction homeownership projects, prioritize the acquisition of blighted residential and commercial properties in HUD-designated priority geographies for redevelopment for affordable housing, and provide purchase assistance to first-time homebuyers in Seminole County. In addition, grant funds will be added to the Attainable Housing Trust Fund, to provide zero percent interest construction loans to developers with parcels committed for the development of affordable homeownership units to families with incomes at or below 100 percent of the Area Median Income.
The grant does not require cost-sharing or matching funding but will receive award points for applications that propose qualified financial leverage. The application will leverage funding from the State Housing Initiative Partnership Program (SHIP), Community Development Block Grant (CDBG), and General Affordable Housing Trust Fund to receive leverage points for its application.
Requested Action:
Staff requests Board approval to submit a grant application to the U.S Housing and Urban Development (HUD) for the Pathways to Removing Obstacles to Housing (PRO Housing) grant requesting up to $7,000,000 to facilitate affordable housing production and preservation activities in the County; and authorize the County Manager or designee to execute the grant application and supporting documents as required for the grant.