Title
Charlotte-Mecklenburg Regional Housing Consortium
Action
Action:
Approve continuing the city's participation in the Charlotte-Mecklenburg Regional Housing Consortium for the HOME Investment Partnerships Program funding period of July 1, 2024, through June 30, 2027, and successive automatic renewal periods thereafter.
Body
Staff Resource(s):
Rebecca Hefner, Housing and Neighborhood Services
Warren Wooten, Housing and Neighborhood Services
Explanation
* The U.S. Department of Housing and Urban Development's (HUD) HOME Investments Partnerships Program (HOME Program) allows contiguous units of local governments to create consortiums to allow municipalities that would not otherwise qualify for HOME Program funding to be able to directly participate in the HOME Program and thereby collaborate on regional affordable housing initiatives.
* The Charlotte-Mecklenburg Regional Housing Consortium (Consortium) was first established in July 2000 pursuant to HOME Program guidelines.
* The current Consortium consists of the City of Charlotte as lead entity, Mecklenburg County, and the towns of Cornelius, Davidson, Huntersville, Matthews, Mint Hill, and Pineville, and is governed by the Charlotte-Mecklenburg Regional Housing Consortium Joint Cooperation Agreement dated July 1, 2012 (Agreement).
* Each municipality, through its participation in the Consortium, is eligible to receive HOME Program funding for affordable housing activities, with the city serving as the lead entity as defined by HUD.
* Pursuant to HUD guidelines, the Agreement includes an automatic renewal provision every three federal fiscal years, including the July 1, 2024, through June 30, 2027, period, and each successive qualified HOME Program funding period thereafter.
* The city, as the Consortium's lead entity, assumes overall responsibility for compliance of Consortium activities with HOME Program requirements, and provides technical assistance to Consortium members, facilitates quarterly meetin...
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