TO: Mayor and Commission AGENDA DATE: 11/18/2024
FROM: City Manager AGENDA ITEM: 9 - B
SUBJECT:
Title
Request for approval of Resolution No. 2024-63 and Budget Amendment for State Housing Initiative Partnership Funds.
Body
LOCATION:
Citywide
COST:
$600,000
SOURCE OF FUNDS:
State Housing Initiatives Partnership Program: no change in fund balance (Exhibit A, Amendment 2025-005) in the amount of $600,000.
ORIGINATING DEPARTMENT:
Housing and Community Development
POTENTIAL MOTION:
Recommendation
“I move to approve Resolution No. 2024-63 and Budget Amendment 2025-005 for the State Housing Initiatives Partnership Program Funds.”
END
BACKGROUND:
Background
The Commission approved the annual budget for FY 2024-25 on September 16, 2024. Staff has determined that substantially more households need help with minor repairs, especially roof replacements for elderly residents and also for those affected by the hurricane. To provide this assistance, a budget amendment is necessary.
End