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Committee advances fiscal amendment reallocating HOME‑ARP funds to Streets to Home Indy, adds road design and tenant‑advocacy funding
Summary
The Administration Finance Committee voted to send Proposal 2-73 as amended to the full council; the amendment reallocates HOME‑ARP dollars to Streets to Home Indy, increases design and strip‑patching funds for DPW and allocates $750,000 to the tenant advocacy project (TAP).
The Administration Finance Committee voted to send Proposal 2-73, a fiscal amendment, to the full council with a "do pass" recommendation after adopting an amendment that reallocates previously awarded HOME‑ARP funds and adjusts local capital priorities.
Controller Abby Hanson said the amendment leverages a HUD-approved reallocation of $5,900,000 in HOME‑ARP funds that had originally been designated for a permanent supportive housing project that will not proceed. The reallocation, approved by HUD on Sept. 15, allowed the city to redirect those dollars to Streets to Home Indy initiatives and other priorities without reducing earlier commitments.
Hanson described the local fiscal changes: $10,000,000 was set aside to…
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