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File #: 18-0351 CRA    Version: 1 Name:
Type: CRA Report Status: Agenda Ready
File created: 6/3/2019 In control: Community Redevelopment Agency
On agenda: 6/11/2019 Final action:
Title: DELRAY BEACH COMMUNITY LAND TRUST 2ND Quarter FY 2018-19 A-Guide Report
Attachments: 1. Agenda Cover Report, 2. Exhibit A - CLT Q2 18-19 1
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TO:                                    CRA Board of Commissioners

FROM:          Lori Hayward, Finance & Operations Director

THROUGH:                     Jeff Costello, CRA Executive Director                     

DATE:                              June 11, 2019

 

Title

DELRAY BEACH COMMUNITY LAND TRUST 2ND Quarter FY 2018-19 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 2018-2019 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 for Sustainable Homeownership Services & Rental Housing. Below are highlights from the DBCLT’s 2nd Quarter FY 2018-19 A-GUIDE Report ending March 31, 2019.

 

Overall, the outputs and outcomes are on target to meet annual goals.  However, the following output fell below quarterly goals but are anticipated to increase during the upcoming quarters:

 

                     New Acquisitions (0%)

 

The following outputs surpassed annual expectations:

 

                     Landlord license renewals processed (117%)

                     Community event participation (175%)

 

The following outcome surpassed annual expectations:

                     Expand homeownership pipeline (140%)

 

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: Exhibit A - DBCLT 2Q 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