Title
Authorization to Apply, Accept and Disburse U.S. Department of Housing and Urban Development Grant Funding (Ordinance S-51447) - District 8
Description
Request authorization for the City Manager, or his designee, to apply for and accept U.S. Department of Housing and Urban Development (HUD) Office of Community Planning and Development, Continuum of Care (CoC) Builds grant funding in an amount not to exceed $10 million. Further request to authorize the City Treasurer to accept, and the City Controller to disburse, all funds related to this item for the life of the grant.
Report
Summary
On August 13, 2024, HUD issued a Notice of Funding Opportunity for the CoC Builds grant program with an application deadline of November 21, 2024. HUD is providing $175 million in competitive federal grant funding and expects to make approximately 25 awards ranging from $1 million to $10 million per project over a five-year period of performance. The CoC Builds grant is available to local and state governments, public housing authorities, non-profit organizations, and tribal governments and organizations. The Maricopa Association of Governments CoC together with the City of Phoenix and Steel and Spark are jointly applying for this grant.
The purpose of the funding is to target efforts within CoC geographic areas to address and reduce persons experiencing homelessness by adding new units of permanent supportive housing through new construction, acquisition, or rehabilitation through one-time awards. Funding will be used for Senior Bridge, a Steel and Spark project that will provide 40 units of transitional housing and 65 affordable apartments for low-income seniors (55+). It will be the first energy independent, low-income housing development in the country utilizing modern technology to eliminate electricity expenses for the tenants.
Contract Term
The term of the CoC Builds grant has a five-year period of performance. The projected start date is October 1, 2025, or after the expected issuance of awards. The expected end date is October 1, 2030. If awarded, contract execution shall occur no later than September 1, 2025.
Financial Impact
Funding amount up to $10 million will be provided by HUD. Funding for the required 25 percent cash and/or in-kind matching funds will be provided by Steel and Spark. There is no impact to the General Fund.
Location
Senior Bridge, 2853 E. Van Buren Street
Council District: 8
Department
Responsible Department
This item is submitted by Deputy City Manager Gina Montes and the Office of Homeless Solutions.