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URA approves mayoral sign-off on 2016 HOME closeout; $278,000 set for HUD recapture
Summary
The URA authorized the mayor to sign a closeout certification for 2016 HOME funds; staff said the agency received $371,551 for that year, spent $92,887, and is allowing HUD to recapture about $278,000 due to timing and program restrictions.
The Mount Vernon Urban Renewal Agency voted 5-0 to authorize the mayor to sign the closeout certification for 2016 HOME funds under resolution 2025-011.
URA staff explained that $371,551 was originally allocated for the 2016 HOME program, $92,887 was disbursed for administrative and related costs, and the remaining funds are not eligible for use now; staff…
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