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File #: 14-5118    Version: 1 Name: ADDITIONS TO THE COOK COUNTY HOME CONSORTIUM
Type: Resolution Status: Approved
File created: 8/27/2014 In control: Board of Commissioners
On agenda: 9/10/2014 Final action: 9/10/2014
Title: PROPOSED RESOLUTION ADDITIONS TO THE COOK COUNTY HOME CONSORTIUM WHEREAS, the County of Cook (the County) is an entitlement community pursuant to the regulations of the HOME Investment Partnerships Program (HOME) at 24 CFR Part 92 and the Community Development Block Grant Program (CDBG) at 24 CFR Part 570, which entitles the County to receive an annual allocation of CDBG and HOME grant funds from the U.S. Department of Housing and Urban Development (HUD); and WHEREAS, the amount of HOME funds that the County receives pursuant to entitlement status is determined by a HUD formula that takes into consideration the populations of the municipalities within its jurisdiction; and WHEREAS, the Villages of Hoffman Estates and Palatine (the Electing Municipalities) within the County that receive Community Development Block Grant (CDBG) funds directly from HUD can elect to join the County's HOME Consortium (the Consortium), which would allow HUD to take into account the population...
Sponsors: TONI PRECKWINKLE (President)
Indexes: (Inactive) MICHAEL JASSO, Director, Department of Planning and Development
title
PROPOSED RESOLUTION

ADDITIONS TO THE COOK COUNTY HOME CONSORTIUM

WHEREAS, the County of Cook (the County) is an entitlement community pursuant to the regulations of the HOME Investment Partnerships Program (HOME) at 24 CFR Part 92 and the Community Development Block Grant Program (CDBG) at 24 CFR Part 570, which entitles the County to receive an annual allocation of CDBG and HOME grant funds from the U.S. Department of Housing and Urban Development (HUD); and

WHEREAS, the amount of HOME funds that the County receives pursuant to entitlement status is determined by a HUD formula that takes into consideration the populations of the municipalities within its jurisdiction; and

WHEREAS, the Villages of Hoffman Estates and Palatine (the Electing Municipalities) within the County that receive Community Development Block Grant (CDBG) funds directly from HUD can elect to join the County's HOME Consortium (the Consortium), which would allow HUD to take into account the populations of these municipalities when calculating the County's annual HOME funds entitlement grant, thus increasing the County's annual allocation; and

WHEREAS, the Electing Municipalities are choosing to join the Consortium, as signified by resolution of their municipal boards; and

WHEREAS, each Electing Municipality must conform to the Consortium Program Year, which runs October 1 through September 30 in accordance with HUD rules; and

WHEREAS, as the Electing Municipalities move to the Consortium Program Year they may experience a gap in their administrative funding for the few months after their old program year expires and before the Consortium Program Year begins. (i.e., if their current program year ends on June 30 there is a three month gap before the new program year starts on October 1); and

WHEREAS, the County wants to maximize its federal allocation of HOME Funds by including the Electing Municipalities in the Consortium. The County's HOME Investment Partnershi...

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