File #: 24-385   
Type: Resolution (Consent) Status: Passed
File created: 8/6/2024 In control: Building and Development Services
On agenda: 8/27/2024 Final action: 8/27/2024
Enactment date: 8/27/2024 Enactment #: 2024-286
Title: Commissioner Worley - Building & Development Services - Housing Rehab - To Accept and Appropriate State Grant Funds from the NC Housing Finance Agency for Home Repairs ($132,000)
Sponsors: Ronnie Worley
Attachments: 1. Adopted 2024-286, 2. BCR, 3. 2024 URP Funding Agreement

title

Commissioner Worley - Building & Development Services - Housing Rehab - To Accept and Appropriate State Grant Funds from the NC Housing Finance Agency for Home Repairs ($132,000)

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STAFF CONTACT

Lauren Lewis - Building Development Services - 704-866-3114

BUDGET IMPACT


budget

Appropriate State Grant Revenue and Urgent Repair Expense to the General Fund.  No additional County Funds.

 

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BUDGET ORDINANCE IMPACT

N/A

BACKGROUND

The NC Housing Finance Agency makes Urgent Repair Program funds available to qualified organizations during each competitive funding cycle to finance emergency home repairs and modifications for low-income homeowners with special needs. The funds are used to provide deferred, forgiven loans of up to $12,000 to qualified homeowners for emergency repairs.

POLICY IMPACT

N/A

ATTACHMENTS

Budget Change Request (BCR) & 2024 URP Funding Agreement