SUBJECT:
Title
Local Housing Assistance Trust Fund - State House Initiative Partner - $3,010,772
Body
INITIATOR:
DEPARTMENT:
Cheryl Butler, Director
Community Services
DESCRIPTION/BACKGROUND:
The Purchase Assistance and Rehabilitation Assistance accounts were under budgeted for the current fiscal year. Due to an increase in the volume of applications received, additional funding is needed to cover expenditures associated with upcoming applications. Board approval is requested for a budget amendment to transfer funds to these accounts to ensure that adequate funding is available for program operations. Funds are available in SHIP Grant & Aids Other, Acquisition and SHIP accounts.
BUDGET/IMPACT:
Neutral
RECOMMENDED ACTION:
Recommended action
Approve attached Budget Amendment Resolution.
end