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IRA adjusts recommended CDBG/HOME allocations after CHDO set‑aside clarification for State Street project
Summary
Staff told the committee that a required HOME Community Housing Development Organization (CHDO) set‑aside for an INHS project required reallocating funds among recommended projects, changing several line items in the draft plan.
City staff reported a technical correction to the Neighborhood Investment recommended plan after discovering a HOME program requirement: a CHDO set‑aside is required for projects led by a certified Community Housing Development Organization (CHDO). The requirement reduced available CDBG funds and prompted IRA to adjust allocations among projects.
Staff said the City of Ithaca…
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