UPDATE
At its November 1, 2021 meeting, Staff advised the Commission of potential HOME-ARP funding that was to be made available to the Cabarrus, Iredell, Rowan HOME Consortium thru HUD; reference Attachment 1. The County's anticipated HOME-ARP funding is $738,812 and $58,670 for administration; there is no requirement for matching funds from the County.
Eligible HOME-ARP activities include: (1) development and support of affordable housing, (2) tenant-based rental assistance, (3) provision of supportive services; and, (4) acquisition and development of non-congregate housing.
Based on results from the Consortium's on-line survey, seventy-five (75) of the one hundred and seven (107) Rowan County respondents felt that non-congregate housing was a need in the community. As such, Staff has prepared the HOME-ARP Action Plan to prioritize this need (reference Attachment 2), along with the ability to fund tenant based rental assistance and other support services.
WHAT'S NEXT ?
Concord will consolidate applications from the Consortium members that wish to participate in HOME-ARP and submit to HUD for review. If funding is awarded, the Consortium will notify the members and the respective programs will need to be established. The tentative deadline for spending the funds is September 30, 2030.
STAFF RECOMMENDATION
- Authorize the County Manager to sign the HOME-ARP Action Plan
- Staff submit the County's HOME-ARP application to Concord
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