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Adopted FY 2015-16 Budget
BUDGET HIGHLIGHTS
This summary page is for information only and is not included as part of the total budget.
The FY 13-14 actual figures are based on HOME expenditures through June 30, 2014.
PROGRAMS
2013-14
2014-15
2015-16
2016-17
Actual
Budget
Adopted
Projected
Appropriation
88,659
80,499
71,053
71,053
Full Time Equivalent Positions
N/A
N/A
N/A
N/A
Appropriation
820,930
900,250
807,916
807,916
Full Time Equivalent Positions
N/A
N/A
N/A
N/A
Departmental Goals & Objectives
PERFORMANCE MEASURES
2013-14
2014-15
2015-16
2016-17
Actual
Budget
Adopted
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
0
54
76
50
Number of
single family units rehabilitated that are affordable to
households at or below 80% of area median income - includes rehab-
resale and homeowner rehabilitation
7
10
3
5
Number of new single family units that are affordable to households
at or below 80% of area median income
10
6
3
5
Number of first time homebuyer households at or below 80% of
area median income assisted with downpayment assistance
20
30
10
15
2013-14
2014-15
2015-16
2016-17
Actual
Budget
Adopted
Projected
Expenditures:
Administration
88,659
80,499
71,053
71,053
Housing Activities
820,930
900,250
807,916
807,916
Total
909,589
980,749
878,969
878,969
Revenues:
Intergovernmental
835,363
860,749
758,969
758,969
Program Income
73,226
120,000
120,000
120,000
Total
908,589
980,749
878,969
878,969
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.
HOME INVESTMENT FUND
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.
Housing Activities
Affordable Housing: The budget allocates $607,915 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.
Increase number of housing units rehabilitated or repaired that are affordable to owners or renters with low to moderate income.