Title
Dept/ Agency: Administration/Office of Management and Budget
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Budget Insertion
Purpose: HOME Investment Partnerships Program (HOME) to continue
to provide affordable housing for low-income households. (City-wide)
Funding Source: United States Department of Housing and Urban Development
Appropriation Amount: $2,739,395.00
Budget Year: 2021
Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS
( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ
( ) Private Sale (X) Grant ( ) Sub-recipient ( ) n/a
Additional Information:
Funds to be accepted by Resolution Legistar ID #21-1465, upon approval by the Municipal Council.
Operating Agency: Department of Economic and Housing Development
Two-Thirds vote of full membership required.
body
BI - #1
WHEREAS, N.J.S.A 40A:4-87 provides that the Director of Local Government Services may approve the insertion of any Special Item of Revenue in the budget of any local unit when such item shall have been made available by law and the amount thereof shall not have been determined at the time of the adoption of the budget, and may approve the insertion of an appropriation item of equal amount for the purpose of carrying out the purposes of the law making such item of revenue available for expenditure; and
WHEREAS, by award letter dated September 10, 2021 from the United States Department of Housing and Urban Development (USDHUD), awarded the City of Newark $2,739,395.00 for the HOME Program to continue to provide affordable housing for low-income households; and
WHEREAS, the USDHUD has made available $2,739,395.00 for the HOME Program.
NOW, THEREFORE, BE IT RESOLVED BY THE MUNICIPAL COUNCIL OF THE CITY OF NEWARK, NEW JERSEY:
1. In accordance with the provisions of N.J.S.A 40A:4-87, the City of Newark, New Jersey hereby request...
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