Regular Village Board meetings are typically held at 7:00 p.m., the first three Tuesdays of each month in Council Chambers of Village Hall (room 201), 123 Madison St. When a Regular Meeting falls on a holiday, the meeting typically is held the following night. The Village Board also meets in special sessions from time to time. However, dates and times of Special Meetings can vary and may change.

File #: RES 22-95    Name:
Type: Resolution Status: Passed
In control: President and Board of Trustees
On agenda: 5/2/2022 Final action: 5/2/2022
Title: A Resolution Approving an Amendment to the Subrecipient Grant Agreement Between the Village of Oak Park and Housing Forward and Authorizing its Execution
Attachments: 1. Resolution, 2. Amendment, 3. Agreement
Submitted By
Tammie Grossman, Development Customer Services Director

Reviewed By
A.M. Zayyad

Agenda Item Title
Title
A Resolution Approving an Amendment to the Subrecipient Grant Agreement Between the Village of Oak Park and Housing Forward and Authorizing its Execution

End
Overview
Overview
On June 15, 2020, the Village Board approved $400,000 for Housing Forward with a grant of funds from CDBG-CV (Community Development Block Grant - Coronavirus) funds to prevent homelessness and support housing stability. $298,000 of the approved funds were approved for short-term rental assistance. Housing Forward is requesting that the grant budget be amended and the project completion date be extended from June 30, 2022, to December 31, 2022.

End
Recommendation
Recommendation
Approve the Resolution for Amendment.

Fiscal Impact
Since the funds are from the Village's Federal CDBG-CV funds, there is no fiscal impact on the Village's General Revenue Fund.

Background
On June 15, 2020, the Village Board approved resolution and agreement RES20-144_V_061520 in the amount of $400,000 to Housing Forward with $298,000 of the funds approved for short-term rental assistance. Housing Forward has received additional state and federal resources to assist with rent, decreasing the demand for these funds. As a result of COVID-19, Housing Forward has leased a former hotel, 211 N. Oak Park Ave., and requests to amend the CDBG-CV funds to allow $200,000 of the $289,000 in rental assistance to pay for rental costs at the 211 N. Oak Park Ave. property.

Housing Forward also requests an extension of the project completion date from June 30, 2022, to December 31, 2022.

Alternatives
Not approve the requests, however, the Village may be at risk of needing to return the funds to the Federal government.

Previous Board Action
On June 15, 2020, the Village approved $400,000 to Housing Forward from CDBG-CV funds.

Citizen Advisory Commission Action
The Community Development Citizens Adviso...

Click here for full text