2017 CDBG HOME Public Notice - Laserfiche WebLink

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installation of public ately arrest deterioration and facilities. alleviate emergency conditions. * Provision of public * Urban renewal completion. services, provided it is * Relocation payments. a new service or a * Loss of rental income incurred quantifiable increase in in holding housing units for a service now being displacees. provided and does not * Removal of material and archi- exceed 15% of the County's tectural barriers restricting allocation. mobility of elderly and disabled HOME Program: The HOME Program was created under Title II (the HOME Investment Partnership Act) of the National Affordable Housing Act of 1990. The purpose of the HOME Program is to expand the supply of decent, safe, sanitary and affordable housing for very low and low-income persons. Under the HOME Program, equity investments, interest- bearing and non-interest bearing loans or advances, deferred payment loans, grants, may be used by eligible public agencies, private non-profit organizations, developers, owners, community housing development organizations or other private organizations that are eligible to utilize HOME funds for the following activities. Range of Eligible Activities for the use of HOME Program Funds: * Development hard costs defined as the actual cost of constructing or rehabilitating housing. * Acquisition costs. * Related soft costs defined as other reasonable and necessary costs incurred and associated with the financing or development (or both) of new construction, rehabilitation or acquisition of housing assisted with HOME funds. * Cost related to tenant-based rental assistance. Applicants applying for HOME funding are required to match for every $1.00 of federal HOME funds expended for the project with at least $.25 of eligible matching funds. The State of Hawai'i is required to submit its own 2015-2019 Consolidated Plan to HUD for the HOME program. The HOME program PUBLIC NOTICE #1 -4- CPS/2018