title
Resolution Authorizing the City Manager to Enter into an Agreement with Lakeside Partners of Wilmington, Inc., a subsidiary of Good Shepherd Ministries of Wilmington, Inc., For the Construction of 32 Units of Supportive Rental Housing Utilizing $2,113,506 of HOME Investment Partnerships Program American Rescue Plan Program (HOME-ARP) Funds (Budget Impact - $2,113,506 HOME-ARP funds)
Body
LEGISLATIVE INTENT/PURPOSE:
WHEREAS, the US Department of Housing and Urban Development ("HUD") HOME Investment Partnerships Program ("HOME") provides formula grants to states and localities that communities use - often in partnership with local nonprofit groups - to fund a wide range of activities, including building, buying, and/or rehabilitating of affordable housing for rent or homeownership, or providing direct rental assistance to low-income people; and,
WHEREAS, HOME is the largest federal block grant to state and local governments designed exclusively to create affordable housing for low-income households, with funds awarded annually as formula grants to participating jurisdictions; and,
WHEREAS, the City Wilmington is a participating jurisdiction and receives direct allocation of HOME funds; and,
WHEREAS, the City of Wilmington receives HOME funds annually to be used for housing production and assistance benefiting low-to-moderate income persons, including persons experiencing or at risk of homelessness; and,
WHEREAS, as a part of the American Rescue Plan Act of 2021 ("ARP"), HUD allocated $4.925 billion in supplemental ARP funds through HOME to support communities throughout the country to address homelessness; and,
WHEREAS, the City of Wilmington was awarded $2,513,506 in HOME-ARP funds to assist the following populations: a) homeless; b) at risk of homelessness; c) fleeing or attempting to flee domestic violence, dating violence, sexual assault, stalking, and human trafficking; d) other populations where providing supportive services or assistance would ...
Click here for full text