| | | | | | | | ![](https://leecounty.novusagenda.com/AgendaWeb/ImageLibrary.ashx?path=ROOT%252fImageLibrary%252fLee+County+Logo2021.png) | ITEM 2. County Manager - Administrative Agenda |
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| | | | | | | | DATE: | April 2, 2024
| DEPARTMENT: | County Manager
| REQUESTER: | Glen Salyer
| TITLE: | Launch CDBG-DR Affordable Housing Development New Construction Programs |
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| | | | | | | | I. | MOTION REQUESTED | | A) Authorize publication of the Notice of Funding Availability (NOFA) for CDBG-DR funded development of new affordable multi-family housing units.
B) Authorize publication of the Notice of Funding Availability (NOFA) for CDBG-DR funded new construction of affordable single-family housing units.
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| | | | | | | | II. | ITEM SUMMARY | | Authorizes publication of CDBG-DR Notices of Funding Availability (NOFAs) for up to $200,000,000 in grants for creation of affordable housing units. Construction of new single-family houses will be funded up to $50,000,000 and creation of new multi-family housing units will be funded up to $150,000,000. Eligible applicants include affordable housing developers, units of local government and public housing authorities. Applications for both NOFAS are due no later than June 26, 2024. |
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| | | | | | | | III. | BACKGROUND AND IMPLICATIONS OF ACTION |
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| | | | | | | | | A) | Board Action and Other History | | | Congress appropriated supplemental funding for communities recovering from 2022 disasters, of which the US Department of Housing and Urban Development (HUD) allocated Lee County $1,107,881,000 in CDBG-DR funding to support long-term recovery efforts following Hurricane Ian. Program requirements, plans and information are provided on the County's CDBG-DR website. |
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| | | | | | | | | D) | Analysis | | | Lee County’s CDBG-DR Action Plan includes Affordable Housing and Development Programs that provide grant funding for the development and preservation of affordable housing units.
The competitive NOFA processes will make up to $150,000,000 available for new construction or acquisition and rehabilitation of new multi-family units, and up to $50,000,000 available for new construction of single-family units. The minimum funding award for new construction development is $4,000,000 and the maximum is $20,000,000.
Eligible applicants for these NOFAs are private non-profit or for-profit housing developers, units of local government, and public housing authorities.
Fifty-one percent or more of new multi-family housing units must be occupied by income eligible households, and one hundred percent of all newly constructed single-family housing units must be sold to income eligible households.
Multi-family development has a per unit subsidy cap of $250,000 and requires a 30-year affordability and restrictive use period. Single-family development has a per unit subsidy cap of $300,000 and requires a 20-year affordability period.
Additional funding for the development of new units may be awarded to future projects, released through another NOFA at a later date or reallocated to address other urgent needs.
Applications for Affordable Housing Development must be submitted in Lee County’s online portal by June 26, 2024.
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| | | | | | | | | A) | Current year dollar amount of item:
| No funding required. | | B) | Is this item approved in the current budget? | Yes | | C) | Is this a revenue or expense item? | N/A | | D) | Is this Discretionary or Mandatory? | N/A | | E) | Will this item impact future budgets?
If yes, please include reasons in III(D) above.
| No | | F) | Fund: Federal Grants through General Fund
Program: Community Development Block Grant – Disaster Recovery Funds
Project: CDBG-DR
Account Strings: 11137113301 | | G) | Fund Type? | Other: Community Development Block Grant- Disaster Recovery | | H) | Comments: CDBG-DR Grant Funded |
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| | | | | | | | VII. | FOLLOW UP | | The BoCC is anticipated to make final funding awards for Affordable Housing Development in September 2024. |
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REVIEWERS: | Department | Reviewer | Action | Date | County Manager | Salyer, Glen | Approved | 3/21/2024 - 4:18 PM | Budget Services | Henkel, Anne | Approved | 3/22/2024 - 8:00 AM | Budget Services | Winton, Peter | Approved | 3/22/2024 - 8:44 AM | County Attorney | Swindle, Amanda | Approved | 3/22/2024 - 9:23 AM | County Manager | Salyer, Glen | Approved | 3/25/2024 - 10:35 AM |
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