Adopted Budget Projected Budget 2016-2017

HOME INVESTMENT FUND

PROGRAMS

2014-15

2015-16 Budget

2016-17 Adopted

2017-18 Projected

Actual

Administration Program Administration provides administrative direction and support services primarily for affordable housing development and maintenance. The HOME Investment Fund (HIF) derives its revenue from a Federal grant program, the amount of which is based on a formula (entitlement) explicit in the underlying Federal law and regulations. Additional revenues of the HIF are also derived from those programs within the fund that are income- generating. The HIF is one of five operating funds utilized by the Neighborhood Development Department (NDD).

This Federal grant program provides funds for housing and closely associated housing purposes for low and very low income-eligible citizens.

Appropriation

88,659

71,053

82,632

82,632

Full Time Equivalent Positions

N/A

N/A

N/A

N/A

Housing Activities Affordable Housing: The budget allocates $624,496 in funding to support non-profit housing development and Community Development Housing Organization operations.

Housing Rehabilitation: The budget allocates $100,000 to support city-wide homeowner housing rehabilitation.

Homebuyer Assistance: The budget allocates $100,000 to support homebuyer downpayment assistance.

Appropriation

820,930

807,916

863,688

863,688

Full Time Equivalent Positions

N/A

N/A

N/A

N/A

Departmental Goals & Objectives

 Partner with public and private entities to finance and implement affordable housing programs.  Provide leadership in promoting sustainable development practices through neighborhood and area planning activities that result in clear visions and strategies for the future.  Increase number of housing units rehabilitated or repaired that are affordable to owners or renters with low to moderate income.

PERFORMANCE MEASURES

2014-15

2015-16

2016-17 Adopted

2017-18

Actual

Budget

Projected

Workload Measures  Number of rental housing units developed that are affordable to households at or below 80% of area median income - includes new construction and rehabilitation  Number of single family units rehabilitated that are affordable to households at or below 80% of area median income  Number of clients served through housing counciling and homebuyer education services  Number of first time homebuyer households at or below 80% of area median income assisted with downpayment assistance

55

100

100

100

20

5

2

20

151

120

120

120

12

20

20

20

2014-15

2015-16 Budget

2016-17 Adopted

2017-18 Projected

Actual

Expenditures:

Administration

88,659 820,930

71,053 807,916

89,272 923,449

89,272 923,449

Housing Activities

Total

909,589

878,969

946,320

946,320

Revenues:

Intergovernmental Program Income

836,363 73,226

710,534 168,435

826,320 120,000

826,320 120,000

Total

909,589

878,969

946,320

946,320

BUDGET HIGHLIGHTS  This summary page is for information only and is not included as part of the total budget.

Adopted FY 2016-17 Budget

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