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File #: 18-0504 CRA    Version: 1 Name:
Type: CRA Report Status: Agenda Ready
File created: 12/3/2019 In control: Community Redevelopment Agency
On agenda: 12/10/2019 Final action:
Title: Delray beach COMMUNITY LAND TRUST 4th Quarter and year-end FY 2018-19 A-Guide Report
Attachments: 1. Agenda Cover Report, 2. Exhibit A - FY 2018-19 GoalsOutcome Report Final CLT, 3. Exhibit B - FY 18-19 Budget CLT, 4. Exhibit C - PowerPoint Slides CLT
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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TO: CRA Board of Commissioners
FROM: Alexina Jeannite, Grant Manager
THROUGH: Renee A. Jadusingh, Executive Director
DATE: December 10, 2019

Delray beach COMMUNITY LAND TRUST 4th Quarter and year-end FY 2018-19 A-Guide Report

Recommended Action:
Receive and file.

The CRA awarded the Delray Beach Community Land Trust (DBCLT) a $261,550 A-GUIDE grant for FY 2018-2019. This award represents 30% of DBCLT’s $865,900 budget. As of the end of the year, the DBCLT raised revenue of $963,834 and had a net income of $181,108.

The A-GUIDE grant was awarded to support Affordable Housing efforts aimed at developing housing units for very-low to moderate income households through sustainable homeownership services; and providing affordable rental units. Below are highlights and program snapshots along with year-end totals from the DBCLT’s fourth quarter FY 2018-2019 A-GUIDE report as of September 30, 2019.

Program Snapshot:

Program “A”: Affordable Housing
Program Information
Select Key Program Metrics Annual Goals 4Q Totals Year-End Totals
Homeownership pool increase|9999|
Homebuyer applications processed 20|99|28
Execute purchase & sale contracts|9999|
Certificate of occupancies|9999|
New acquisitions|9999|
Pre-post purchase workshops|9999|
Community event participation|999|14
Applications processed for rental housing 44 21 60
Landlord license renewals processed 30|99|35
Rental Housing Income $434,750 $113,787 $469,361

Budget Information
Awarded $261,550
Budget $865,900
Actual Revenues $963,834
Actual Expenses $782,726
Actual Net Income $181,108

Attachments: Exhibit A: Goals & Outcomes Report Final; Exhibit B: FY 18-19 Budget; Exhibit C: PowerPoint Slides

CRA Attorney Review:

Finance Review:
Lori Hayward, Finance & Operations Director

Funding Source/Financial Impact:
Funding has been allocated from CRA G...

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