Title
Approval of a Resolution Authorizing the Renewal of the HOME Consortium Interlocal Agreement for Program Years 2025-2027 with Thurston County and the City of Lacey Regarding Federal Affordable Housing Funds
Recommended Action
Committee Recommendation:
Move to approve the resolution authorizing the renewal of the HOME Consortium Interlocal Agreement (ILA) with Thurston County and the City of Lacey regarding federal affordable housing funds.
City Manager Recommendation:
Move to approve the resolution authorizing the renewal of the HOME Consortium ILA with Thurston County and the City of Lacey regarding federal affordable housing funds.
Report
Issue:
Whether t to approve the resolution authorizing the renewal of the HOME Consortium ILA with Thurston County and the City of Lacey regarding federal affordable housing funds.
Staff Contact:
Anastasia Everett, Office of Community Vitality, CDBG Program Manager, 360.233.6197.
Presenter(s):
None - Consent calendar item.
Background and Analysis:
Thurston County, the City of Olympia and the City of Lacey 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 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 Cities of Olympia and Lacey, 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.
This federal program is not to be confused with the City of Olympia Home Fund (1406) which is also used to create and secure affordable housing. The agreement is renewed every 2 years and amended if a new member is added to the agreement. The City of Lacey is entering this agreement as a new partner in 2025. The City of Lacey is becoming its own CDBG entitlement community and w...
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