34
Adopted FY 2014-15 Budget
BUDGET HIGHLIGHTS
This summary page is for information only and is not included as part of the total budget.
The FY 12-13 Actual figures are based on to-date expenditures from the 2012-2013 allocation as of April 30,
2014.
PROGRAMS
2012-13
2013-14
2014-15
2015-16
Actual
Budget
Adopted
Projected
Appropriation
95,550
71,448
80,499
80,499
Full Time Equivalent Positions
N/A
N/A
N/A
N/A
Appropriation
950,847
803,035
900,250
900,250
Full Time Equivalent Positions
N/A
N/A
N/A
N/A
Departmental Goals & Objectives
PERFORMANCE MEASURES
2012-13
2013-14
2014-15
2015-16
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
N/A
30.000
30
30
Number of
single family units rehabilitated that are affordable to
households at or below 80% of area median income
N/A
N/A
5
5
BUDGET SUMMARY
2012-13
2013-14
2014-15
2015-16
Actual
Budget
Adopted
Projected
Expenditures:
Administration
95,550
71,448
80,499
80,499
Housing Activities
950,847
803,035
900,250
900,250
Total
1,046,397
874,483
980,749
980,749
Revenues:
Intergovernmental
953,028
754,483
860,749
860,749
Program Income
93,369
120,000
120,000
120,000
Total
1,046,397
874,483
980,749
980,749
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 provides $600,250 in funding to support non-profit housing development and Community Development Housing
Organization operations.
Housing Rehabilitation: The budget provides $300,000 to support city-wide housing rehabilitation.
Increase number of housing units rehabilitated or repaired that are affordable to owners or renters with low to moderate income.
