TO: CRA Board of Commissioners
FROM: Lori Hayward, Finance & Operations Director
THROUGH: Jeff Costello, CRA Executive Director
DATE: March 12, 2019
Title
DELRAY BEACH COMMUNITY LAND TRUST (dbclt) 1st Quarter FY2018-19
A-Guide Report
Body
Recommended Action:
Recommendation
Receive and file.
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Background:
The CRA awarded the DBCLT a $261,550 A-GUIDE grant and approved a FY 2018-19 funding agreement on September 11, 2018. The amount represents 30% of the DBCLT’s $865,900 annual budget. The A-GUIDE grant focuses on affordable housing and was awarded specifically to:
1) Develop housing units for very-low to moderate income households (Sustainable Homeownership Services); and
2) Provide affordable rental units that meet the needs of households within the CRA target area (Rental Housing)
Program “A”: Sustainable Homeownership Services & Rental Housing
Funding Amount: $261,550 Program Budget: $865,900 % of Budget: 30%
Overall, the outputs and outcomes are on target to meet annual goals. However, the following outputs fell below quarterly goals but are anticipated to increase during the upcoming quarters:
• Certificate of Occupancies (0%)
• New Acquisitions (0%)
The following outputs surpassed annual expectations:
• Landlord license renewals processed (107%)
• Community event participation (125%)
Please review the attached worksheet for the progress (in percentages) of all outputs and outcomes which includes narrative response to all outputs and outcomes.
Attachment: DBCLT 1Q FY 2018-19 A-GUIDE report
CRA Attorney Review:
N/A
Finance Review:
N/A
Funding Source/Financial Impact:
CRA G/L #: 7376 A-GUIDE Funding
Timing of Request:
N/A