Community and Economic Development

Transcription

1 CD GRANT PROGRAMS

2 Community Development Program Unit 8920 Head: Barry Jung, Appointed Contingencies Other Financing Uses From $0 $2,793,595 $0 $2,122,226 $2,109,026 ($684,569) 6,458,195 9,952,333 3,528,753 5,361,257 4,826,084 (5,126,249) 0 0 2,685,103 3,125,053 3,673,426 3,673,426 $6,458,195 $12,745,928 $6,213,856 $10,608,536 $10,608,536 ($2,137,392) Intergovernmental $6,316,861 $11,654,543 $6,126,856 $10,521,536 $10,518,536 ($1,136,007) Miscellaneous 134, ,000 85,000 85,000 85,000 (75,000) Other Financing Sources : HOME Investment Trust 0 0 2,000 2,000 5,000 5,000 $6,451,413 $11,814,543 $6,213,856 $10,608,536 $10,608,536 ($1,206,007) NET COMMUNITY DEVELOP. PROGRAM FUND COST $6,782 $931,385 $0 $0 $0 ($931,385) The federally funded Community Development Block Grant Program provides funds for community improvement projects (such as curbs and gutters, water systems, and recreation facilities), for various housing programs, and for certain local economic development activities. Projects and activities must help people with low/moderate incomes, and/or eliminate physical blight, and/or meet other qualifying criteria. The Community and Economic Development administers this budget unit. The recommended budget is a reflection of available allocations and provides adequate funding to support the Community Development Program pursuant to the Housing and Community Development Act. The program will continue to promote the development of viable urban communities, ensure that decent housing and suitable living environments are available to the public, pursue expansion of economic opportunities, and to directly correlate with the County Strategic Plan to build a community where every child and adult thrives. These activities are provided principally for persons of low- and moderate-income. Examples of projects that represent these activities within defined areas of benefit are curb and gutter improvements, drainage improvements, public facility improvements, park improvements, low-income housing rehabilitation and accessibility improvements, and business development assistance. Specific projects proposed for approval by both the Board of Supervisors and the U. S. of Housing and Urban Development (HUD) for FY are: Oildale Community Improvements East Bakersfield Street Improvements (Phase II) City of Maricopa Public Facility Improvements City of Ridgecrest - Leroy Jackson Park Improvements (Phase II) Virginia Avenue School Improvements City of Shafter - Richland Drive Street Improvements Boron Senior Center Improvements (Phase II) Buttonwillow Water System Improvements Rosamond Senior Center Improvements (Phase II) HOME Housing Rehabilitation Program American Dream Down Payment Assistance County of Kern

3 Community Development Program (continued) Unit 8920 This budget also provides reimbursements to the Community and Economic Development budget unit 5940 for staff support of community development projects. Performance measures related to this budget unit may be found in the discussion of the Community and Economic Development s budget unit County of Kern

4 Economic Development - Revolving Loan Program Unit 8921 Head: Barry Jung, Appointed Contingencies Use of Money/Property Miscellaneous NET CED - REVOLVING LOAN PROGRAM FUND COST From $0 $5,026 $0 $0 $0 ($5,026) 0 422, , ,349 0 $0 $427,375 $0 $422,349 $422,349 ($5,026) $596 $0 $0 $0 $0 $0 0 (5,026) 0 422, ,026 $596 ($5,026) $0 $422,349 $0 $5,026 ($596) $432,401 $0 $0 $422,349 ($10,052) The federally funded Economic Development Revolving Loan Fund is used to fund loans for eligible economic development projects, and to deposit income from loan repayments. The Community and Economic Development administers this budget unit. support the Community and Economic Development Economic Development Revolving Loan Fund Program. Program income is derived from loan repayments, and is the source of funds for loans to other eligible economic development projects, which directly correlates with the County Strategic Plan to implement the County economic development strategy to promote improved quality of life for all residents. Projects include loans to for-profit businesses for qualifying business purposes. To be eligible for the loans, businesses must create or retain jobs for low- and moderate-income persons, and/or provide needed goods or services to low- and moderate-income market areas, and/or address physical blight. County of Kern

5 Industrial Development Authority Program Unit 8925 Head: Barry Jung, Appointed Use of Money/Property Charges for Services NET CED - INDUSTRIAL DEV AUTHORITY PROGRAM FUND From $0 $30,836 $0 $35,500 $35,500 $4,664 $0 $30,836 $0 $35,500 $35,500 $4,664 $0 $0 $0 $1,600 $1,600 $1, , ,900 0 (2,764) $0 $2,764 $0 $35,500 $1,600 ($1,164) $0 $28,072 $0 $0 $33,900 $5,828 The user-funded County of Kern Industrial Development Authority Program provides assistance to for-profit companies for the acquisition of qualified manufacturing/processing facilities and equipment through the issuance of tax-exempt bonds. Additionally, this fund is a depository of proceeds received as part of a judgment against a bond trustee involving a since-closed housing assistance bond. The Community and Economic Development administers this budget unit. support the County of Kern Industrial Development Authority s issuance of tax-exempt industrial development bonds. Bonds are issued for the benefit of for-profit businesses seeking below market interest rates for the acquisition of qualified capital assets. Services provided through this fund are based upon demand, and the cost of providing services is offset by fees collected from the user. To be eligible for assistance, projects must satisfy specific public benefit criteria. County of Kern

6 Emergency Shelter Grant Program Unit 8932 Head: Barry Jung, Appointed Other Financing Uses Intergovernmental NET CD-EMERGENCY SHELTER GRANT FUND COST From $298,120 $614,057 $214,546 $455,651 $431,370 ($158,406) ,942 35,443 59,724 35,443 $298,120 $614,057 $226,488 $491,094 $491,094 ($122,963) $298,119 $494,342 $226,488 $491,094 $491,094 ($3,248) $298,119 $494,342 $226,488 $491,094 $491,094 ($3,248) $1 $119,715 $0 $0 $0 ($119,715) Federal funds granted to the County under the Stewart B. McKinney Homeless Act are used to provide emergency shelter services or facilities for homeless people. The Community and Economic Development administers this budget unit. support the Community and Economic Development Emergency Shelter Grants (ESG) Program. The program will continue to provide emergency shelter and transitional housing assistance to the homeless through eligible activities: renovation, major rehabilitation, or conversion of buildings for use as shelters for the homeless; provision of essential services to the homeless; payment of operations, maintenance, rent, repair, security, fuel, equipment, insurance, utilities, and furnishings for the homeless; and homelessness prevention activities. ESG funding will enable service providers to improve the quality and availability of emergency shelter capacity and to broaden the range of services available to prevent homelessness in accordance with the County Strategic Plan to ensure housing opportunities exist for the homeless. This budget unit also provides reimbursement to the Community and Economic Development budget unit 5940 for staff support of community development projects. ESG funding operates on a two-year cycle. The reduction in budgeted expenditures for FY is the result of funds previously expended. Performance measures related to this budget unit may be found in budget unit 5940, Community and Economic Development. County of Kern

7 Home Program Trust Fund Unit 8936 Head: Barry Jung, Appointed Contingencies Other Financing Uses Intergovernmental Miscellaneous CED-HOME INVESTMENT FUND COST From $0 $955,693 $0 $1,784,133 $1,784,133 $828,440 1,115,749 10,826,928 1,872,767 10,238,817 10,238,817 (588,111) , , , ,397 $1,115,749 $11,782,621 $2,084,808 $12,230,347 $12,230,347 $447,726 $445,629 $11,198,035 $1,554,808 $11,680,347 $11,680,347 $482, , , , , ,000 (100,000) $1,108,407 $11,848,035 $2,084,808 $12,230,347 $12,230,347 $382,312 $7,342 ($65,414) $0 $0 $0 $65,414 NET GENERAL FUND COST As a designated Participating Jurisdiction, the County is eligible to receive an annual allocation of federal funds for the HOME Investment Partnerships Program. The funds must be used to benefit households at or less than 80% of the County median income level. For rental units, 90% of the monies must benefit households at or below 60% of the median income. The Community and Economic Development administers this budget unit. support the functions of the Home Program Trust Fund. The program provides funding for eligible activities and projects such as: expanding the supply of decent, safe, sanitary and affordable housing, particularly rental housing, for very low-income and low-income families; strengthening the ability of local communities to design and implement strategies for achieving adequate supplies of decent, affordable housing; providing both financial and technical assistance to participating jurisdictions, including the development of model programs for developing affordable low-income housing; and extending and strengthening partnerships among all levels of government and the private sector, including for-profit and nonprofit organizations, in the production and operation of affordable housing. The functions of the Home Program Trust Fund correlate with the goals of the County Strategic Plan in implementing the County Economic Development Strategy to ensure affordable housing opportunities. This budget unit also provides reimbursement to budget unit 5940 for staff support of community development projects. Performance measures related to this budget unit are included in the discussion of the Community and Economic Development budget unit County of Kern