File #: 21-062   
Type: Resolution (Consent) Status: Passed
File created: 2/9/2021 In control: Financial and Management Services - Budget
On agenda: 3/23/2021 Final action: 3/23/2021
Enactment date: 3/23/2021 Enactment #: 2021-077
Title: Commissioner Worley - Budget & Management Services - To Approve Transferring Funds Designated for Indirect Costs from the Closed Out 2019 Urgent Repair Program to the CDBG Program Income Designated for Match for Future Home Rehabilitation Grants ($5,631)
Sponsors: Ronnie Worley
Attachments: 1. Adopted 2021-077, 2. BCR
Related files: 21-281

title

Commissioner Worley - Budget & Management Services - To Approve Transferring Funds Designated for Indirect Costs from the Closed Out 2019 Urgent Repair Program to the CDBG Program Income Designated for Match for Future Home Rehabilitation Grants ($5,631)

body

STAFF CONTACT

Pat Laws - Budget/Management Services - 704-866-3771

BUDGET IMPACT
budget

N/A

body

BUDGET ORDINANCE IMPACT

N/A

BACKGROUND

 

The NC Housing Finance Agency makes Urgent Repair Program funds available on a competitive basis to qualified organizations during each funding cycle to finance emergency home repairs and modifications for low-income homeowners with special needs. The funds provide deferred, forgiven loans of up to $10,000 to qualified homeowners for emergency repairs. A portion of the program funds are allocated for program support expenses and is accounted for and claimed on a unit-by-unit basis. The maximum amount of program support available varies with amount of program funds used for hard costs on each unit.

 

POLICY IMPACT

N/A

ATTACHMENTS

Budget Change Request (BCR)