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File #: 18-0878 CRA    Version: 1 Name:
Type: CRA Report Status: Agenda Ready
File created: 8/4/2021 In control: Community Redevelopment Agency
On agenda: 8/31/2021 Final action:
Title: CRA FINANCIAL REPORT - JUNE 2021
Attachments: 1. Agenda Cover Report, 2. Exhibit A - FinStmt - June 2021 FY 20-21
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TO:                                           CRA Board of Commissioners

FROM:                       Lori Hayward, Finance and Operations Director

THROUGH:                      Renée A. Jadusingh, Esq., Executive Director 

DATE:                      August 31, 2021

 

Title

CRA FINANCIAL REPORT - JUNE 2021

 

Body

 

Recommended Action:

Recommendation

Receive and File.

 

Body

Background:

Attached are the June 2021 Financial Statements [1] Statement of Net Assets and [2] Statement of Activities with Budget vs. Actual (YTD).

 

Below are highlights of significant activities that occurred during the month of June:

 

1.                     Downtown-DB-Master Plan- Transportation Services (G/L #5230) - A payment of $96,876 was made to Freebee for point-to-point transportation services for the period of June 2021- August 2021.

 

2.                     Redevelopment Sites- Affordable Housing- Subsidies (G/L #6505) - Three families were awarded subsidies that totaled $117,740 towards the purchase of Corey Jones Isle single family homes.

 

3.                     Economic Development- CRA Grant Programs- (G/L #7313) - Site Assistance and Rent Assistant Grants that totaled $29,912 were paid to the following:

                     Blair’s Downtown Condo Association, Inc.- $21,201

                     AGT Land, PA- $5,951

                     Glavidia Hair Studio, LLC- $2,210

                     Apex Insurance Investment Group- $550

 

 

 

 

Attachment(s): Exhibit A - June 2021 Financial Statements