Submitted By
Ahmad M. Zayyad, Deputy Village Manager / Interim Director of Development Customer Services
Reviewed By
LKS
Agenda Item Title
Title
A Resolution Authorizing the Submission of a Grant Application for the Illinois Homeowner Assistance Fund Home Repair Program (HAFHR) Administered by the Illinois Housing Development Authority (IHDA) With an Anticipated Funding Amount of $5,000,000
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Overview
Overview
Staff is requesting that the Board adopt a Resolution authorizing staff to submit a grant application to the Illinois Housing Development Authority for $5,000,000 to allow eligible homeowners earning less than 150% of the Area Median Income (AMI) the ability to address home repairs that were delayed and exacerbated due to the COVID-19 pandemic.
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Recommendation
Recommendation
Adopt the Resolution.
Background
The Illinois Housing Development Authority (IHDA) announced $25 million in funding for the Illinois Homeowner Assistance Fund Home Repair Program (HAFHR) to allow eligible homeowners, who are earning less than 150% of the Area Median Income (AMI), the ability to address home maintenance needs that were delayed and exacerbated due to the COVID-19 pandemic. Funding for the program is provided under section 3206 of the American Rescue Plan Act of 2021 (ARPA) which established the Homeowner Assistance Fund (HAF).
HAFHR will award grants ranging from $1 to $5 million to nonprofits and/or governmental entities. Grantees will, in turn, make home repairs using grants of up to $60,000 per eligible homeowner.
Eligible repairs include measures to make necessary repairs and/or replacements that help the homeowner maintain the habitability of the home. Examples include, but are not limited to:
? Addressing health, safety and code violations;
? Roofing, soffit/fascia/gutters, drainage and runoff management;
? Electrical and plumbing systems;
? Foundations, existing decks and existing porches;
? Modifications and improvements for accessibility...
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