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File #: 18-0270 CRA    Version: 1 Name:
Type: CRA Report Status: Agenda Ready
File created: 3/6/2019 In control: Community Redevelopment Agency
On agenda: 3/12/2019 Final action:
Title: DELRAY BEACH COMMUNITY LAND TRUST (dbclt) 1st Quarter FY2018-19 A-Guide Report
Attachments: 1. Agenda Cover Report, 2. Exhibit A - Community Land Trust
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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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.

 

Body

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