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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