Title
Approval of a Resolution Authorizing the Renewal of the HOME Consortium Interlocal Agreement with Thurston County Regarding Federal Affordable Housing Funds
Recommended Action
Committee Recommendation:
Move to approve the Resolution authorizing the renewal of the HOME Consortium Interlocal Agreement with Thurston County regarding the federal affordable housing funds.
City Manager Recommendation:
Move to approve the Resolution authorizing the renewal of the HOME Consortium Interlocal Agreement with Thurston County regarding the federal affordable housing funds.
Report
Issue:
Whether to approve the Resolution authorizing the renewal of the HOME Consortium Interlocal Agreement with Thurston County regarding the federal affordable housing funds.
Staff Contact:
Darian Lightfoot, CDBG Program Manager, 360.280.8951
Presenter(s):
None; consent calendar item only.
Background and Analysis:
Thurston County and the City of Olympia are not individually eligible to receive a formal allocation in the HOME program. This agreement is entered into between Thurston County as the qualified Urban County, comprised of: City of Lacey, City of Tumwater, City of Yelm, City of Rainier, City of Tenino and the Town of Bucoda, a political subdivision of the State of Washington, and the City of Olympia, municipal corporations within Thurston County, for the purpose of forming a Consortium to receive and administer federal funds under the HOME Investments Partnership (HOME) Program.
The federal HOME program is not to be confused with the City of Olympia Home Fund which is a City sales and use tax that funds construction and operations for affordable housing, shelter and related social services.
Neighborhood/Community Interests (if known):
HOME Investments Partnership Program funds can be spent to meet the needs of low- and moderate-income residents throughout the community.
Options:
1. Approve the Resolution authorizing the renewal of the HOME Consortium Interlocal Agreement with Thurston County regarding the federal affordable housing funds.
2. Do not approve the Resolution and provide staff with feedback and direction regarding the proposed Agreement.
3. Do not approve the Resolution.
Financial Impact:
By collaborating in this agreement, the County and City will be eligible for Housing and Urban Development HOME Program funds targeted for households below 80 percent area median income.
Attachments:
Resolution
Agreement