ITEM TITLE:
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Consider amending the FFY 2021-2025 COL Consolidated Plan by transferring Neighborhood Stabilization Program (NSP) Income from Account 2604515 to Account 2604512-52090 to be utilized in the Community Development Block Grant (CDBG) Program for approved CDBG Projects and following all CDBG rules and regulations.
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INITIATOR: Charlotte Brown, Community Services Director
STAFF INFORMATION SOURCE: Gary Brooks, Housing & Community Development Administrator
BACKGROUND: The NSP Program ended in 2016. The City of Lawton was a subrecipient of the Oklahoma Department of Commerce’s NSP Grant awarded by HUD. The last Quarterly Report was generated in 2019. The City of Lawton’s Program is no longer generating program income. The Oklahoma Department of Commerce is in favor of this transfer and wants the Program Income funds to be used for projects that benefit low-income households. Upon completion of the transfer, there will still be 3 properties that require some monitoring and reporting. 2 of the 3 are rental properties maintained by the Lawton Housing Authority and there is one house that the period of affordability ends in 2032.
EXHIBIT: NSP to CDBG Transfer Document, 2023 NSP Update Lawton 13611 NSP Report
KEY ISSUES: N/A
FUNDING SOURCE: N/A
STAFF RECOMMENDED COUNCIL ACTION: Approve the transfer of Program Income from the NSP Program to the CDBG Program and authorize the Mayor to sign the NSP to CDBG Transfer Document.