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HomeMy WebLinkAbout03-13-2008 Housing & Community Development CommissionAGENDA HOUSING AND COMMUNITY DEVELOPMENT COMMISSION EMMA HARVAT HALL, CITY HALL 410 E. WASHINGTON STREET, IOWA CITY THURSDAY, MARCH 13, 2008 6:30 P.M. 1. Call Meeting to Order 2. Public Comment of Items Not on the Agenda 3. Staff/Commission Comment 4. Discussion Regarding FY09 Community Development Block Grant (CDBG) and HOME Investment Partnership Program (HOME) Requests • Review Project Rankings • Discuss Average Allocation Worksheet 5. Adjournment CITY OF IOWA CITY MEMORANDUM DATE: March 7, 2008 TO: Housing and Community Development Commission FROM: Community Development Staff RE: HCDC Meeting on March 13, 2008 Thank you for the many hours of time and energy that you have put into the allocation process up to this point. At the HCDC meeting on March 13`h you will be discussing the applications, funding amounts and the rankings. This meeting is designed to help you finalize the ranking sheets and adjust your funding amounts. At the March 271h meeting, HCDC will finalize their FY09 CDBG/HOME budget recommendation to submit to City Council. As many commission members are new to the allocation process, we will save some time at the beginning of the March 13th meeting for questions. The applications for CHDO operating expense, CHDO pre -development loan and tenant based rent assistance are HOME eligible projects only. All other housing applications are both CDBG and HOME eligible. Staff will discuss how this affects your recommendations, specifically as it relates to funds available for public service/public facility projects. Please keep in mind that the proposed amount allocated to public service projects is right at the statutory limit, which is set by law. The public service category will be competitive. One issue to consider while allocating funds is that some of the projects may receive such a reduced funding amount that the project may no longer be feasible. Included in this packet are your preliminary rankings and allocations. Please review your scores and allocations. If you notice any errors, please contact staff so we can make corrections before the meeting. After the March 13th meeting, please submit your revised scores and/or allocations to staff if you make any changes. The revised spreadsheets will be ready for your review for the March 27th meeting. If you have any questions regarding this information, please feel free to contact Tracy Hightshoe or Steve Long at 356-5230. 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