Submitted By: James Haynes
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Presentation By: James Haynes
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Department: Community Development Services
STAFF RECOMMENDATION (Motion Ready):
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Adopt Budget Resolution 2024-156 amending the Fiscal Year 2023-24 budget to accept and appropriate program income for the City of Ocala's State Housing Initiative Program grant in the amount of $18,000
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OCALA'S RELEVANT STRATEGIC GOALS:
Fiscally Sustainable, Operational Excellence
PROOF OF PUBLICATION:
N/A
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BACKGROUND:
On or about January 28, 2019, the Revitalization Strategies Division, now known as Community Programs, finalized a down payment assistance contract for Kirsten Drucker, an extremely low-income household whose real property is located at 419 NE 15th Court, Ocala, Florida. The project was completed using funding from the State Housing Initiative Program (SHIP) grant. The amount of the deferred mortgage was $18,000.
FINDINGS AND CONCLUSIONS:
On or about June 18, 2024, Community Programs was contacted concerning the payout amount of the Drucker deferred mortgage. On July 3, 2024, the Community Programs received a check for the balance of the deferred mortgage in the amount of $18,000. Staff recommends this amount be received via the proposed budget resolution and added to the Fiscal Year 2023-24 SHIP budget to further assist low-income families with approved housing rehabilitation activities.
FISCAL IMPACT:
Source:
140-369-000-000-16-36943 $18,000
Use:
140-050-699-559-55-34010 $18,000
PROCUREMENT REVIEW:
N/A
LEGAL REVIEW:
N/A
ALTERNATIVE:
* Adopt with Changes
* Table
* Deny
BUDGET RESOLUTION 2024-156
A RESOLUTION AMENDING THE FISCAL YEAR 2023-24 BUDGET TO ACCEPT AND APPROPRIATE PROGRAM INCOME FOR THE CITY OF OCALA'S STATE HOUSING INIATIVE PROGRAM (SHIP) GRANT IN THE AMOUNT OF $18,000
WHEREAS, the City of Ocala receives an annual allotment of SHIP funding to further the access of affordable housing, retain affordable housing stock, and assist first time h...
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