Title
MOTION TO APPROVE PROPOSED RESOLUTION 2018-R-34.
PROPOSED RESOLUTION 2018-R-34 IS A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF PEMBROKE PINES, FLORIDA, APPROVING THE FISCAL YEAR 2017-2018 AGREEMENT WITH BROWARD COUNTY PROVIDING FOR DISBURSEMENT OF HOME PROGRAM FUNDS FOR MINOR HOME REPAIR PROGRAM; AUTHORIZING THE APPROPRIATE CITY OFFICIALS TO EXECUTE THE AGREEMENT FOR THE DESIGNATION OF SUBRECIPIENT AND DISBURSEMENT HOME PROGRAM, FISCAL YEAR 2017-2018, WITH BROWARD COUNTY IN THE AMOUNT OF $181,723, AND ASSOCIATED DOCUMENTS, IF NECESSARY, PENDING LEGAL REVIEW; PROVIDING FOR CONFLICTS; PROVIDING FOR SEVERABILITY; AND PROVIDING FOR AN EFFECTIVE DATE.
Summary Explanation and Background
1. The City has participated as a subrecipient of the HOME program for several years.
2. The HOME program funds are allocated by the U.S. Department of Housing and Urban Development directly to Broward County and the City must be a subrecipient to receive these funds. No city funds are required.
3. For the 2017-2018 fiscal year, Pembroke Pines will receive $181,723 in HOME funds.
4. All funds will be used to provide home repairs to qualified Pembroke Pines residences for owner occupied home repairs. The funds will be used to provide 15-year, 0% interest deferred payment loans. Special needs households are eligible for 10 year, 0% interest deferred payment loans, forgivable at a rate of 10% each year.
5. Eligibility is limited to households with incomes at or below 80% of the Area Median Income (AMI). The AMI for Broward County is $65,700 as of April 1, 2018. The City, as a subrecipient, is required to enter into an interlocal agreement with Broward County prior to receiving these funds.
6. Program costs will include City Housing Administrator (Community Redevelopment Associates of Florida Inc.) project management fee of $21,806.
7. Administration recommends City Commission approve proposed resolution 2018-R-34 and authorize the appropriate City offici...
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