Submitted By
Tammie Grossman, Director Development Customer Services
Reviewed By
LKS
Agenda Item Title
Title
A Motion for the Village of Oak Park to Fund Certain Improvements for the Oak Park Housing Authority Owned Property Located at 324-326 North Austin Boulevard in the Amount of $100,000 and to Direct Staff to Prepare the Necessary Paperwork
End
Overview
Overview
Oak Park Housing Authority, in conjunction with Housing Forward, seeks to rehabilitate the two buildings located at 324-326 N. Austin Blvd., Oak Park, Illinois to provide temporary housing to homeless indivduals and families using returned Community Development Block Grant (CDBG) funds in the amount of $100,000.
Body
Staff Recommendation
Staff recommends funding Oak Park Housing Authority in the amount of $100,000 using returned CDBG funds
Fiscal Impact
The returned CDBG funds are from previously approved projects that did not utilize all of the allocated funding. The Board could choose to use the returned funds for CDBG eligible infrastructure improvements.
Background
Each year the Village receives an allocation of CDBG funds from the U.S. Department of Housing and Urban Develoment (HUD). These funds are allocated to specific projects outlined in the Annual Action Plan, which is approved by the Village Board. Periodically, projects do not expend their full amount allocated and the recaptured money is returned to the Village as returned funds. Currently there is $418, 921 available to the Village. In the past these funds were mainly used to provide funding for CDBG eligible infrastructure projects.
In May of 2018, the Oak Park Housing Authority approached the Village with a request to use CDBG funds to improve the 324-326 N. Austin Blvd. Oak Park, Illinois, in partnership with Housing Forward, to rehabilate the units, making them livable and available for homeless person and families. Village staff inspected the facilities and found them to be in need of extensive rehabilitation. ...
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