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City Council

Agreement amendment leads to federal housing funds in Scottsdale

Posted 12/2/19

Federal HOME Investment Partnership funds are heading to Scottsdale after the City Council approved a third amendment to an intergovernmental agreement between the city and county.

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City Council

Agreement amendment leads to federal housing funds in Scottsdale

Posted

Federal HOME Investment Partnership funds are heading to Scottsdale after the City Council approved a third amendment to an intergovernmental agreement between the city and county.

Council approved on consent the amendment, which will allow for the receiving of a little less than $315,000 in HOME funds for the 2019-20 fiscal year, as part of its Nov. 25 meeting.

HOME Funds are a federal housing assistance block grant, which city staff say aims to supply decent, affordable housing for low and very low income families.

Scottsdale has access to these funds through the Maricopa HOME Consortium, which consists of the cities of Chandler, Glendale, Tempe, Avondale, Peoria and Scottsdale as well as the Town of Gilbert and Maricopa County. The consortium acts as a direct recipient of the HOME funds through the U.S. Department of Housing and Urban Development.

Scottsdale joined the consortium in 2005 for the purpose of receiving a proportional share of the funds, city staff say. Typical uses of the funds include homeownership, single-family and multi-family acquisition, rehabilitation, new construction and tenant-based rental assistance.

Scottsdale’s HOME Program supports a variety of programs with the intent of expanding the capacity of nonprofit housing providers; strengthening the ability of state and local governments to provide housing; and leverage private sector participation.

The HOME Program requires agencies receiving funds to match in an amount of no less than a quarter of total funds received. Eligible match money must be made from non-federal sources and must be a permanent contribution to a HOME activity or HOME match-eligible houses.

In past years, the city received slightly less than $220,000 in both the 2016-17 and 2017-18 fiscal years. That amount went up to almost $332,000 in fiscal year 2018-19.

The allocation formula considers relative inadequacy of each municipality’s housing supply, poverty levels and other factors.