COLUMBIA — The city will have nearly $40,000 in extra federal funds than initially estimated to spend on housing and community development programs in fiscal year 2013.
The city received about $84,000 more in federal Community Development Block Grant funds and about $46,000 less than it estimated in HOME Grant funds, Community Development Director Tim Teddy said at Monday's Columbia City Council meeting. A HOME grant provides funding for the city to offer affordable housing.
The council approved an estimated version of the funding allocations in April, but it considered an amended version Monday after receiving updated numbers from the federal government. The council unanimously approved the amendment.
"This amendment is necessary because we've now received written confirmation of the amounts," Teddy said.
The city is adding funding in the following areas:
- $22,007 for owner-occupied housing rehabilitation programs;
- $20,000 for home repairs for low-income senior citizens;
- $20,000 for home accessibility modifications for people with disabilities;
- $13,556 for administrative costs.
To balance the additions, the city reduced HOME Grant allocations for administrative costs and home ownership assistance, which provides forgivable loans to home buyers.
By approving the amendments, the council allowed the following projects to go forward:
- funding for the Boone County Council on Aging to provide home repairs for low-income senior citizens;
- funding for the Independent Living Center of Mid-Missouri to provide home accessibility modifications for people with disabilities;
- a renovation of the Park Avenue Head Start Center;
- funding for Job Point to train students to be certified nursing assistants and heavy/highway construction workers;
- funding for Regional Economic Development Inc. to train students for information technology jobs.
Supervising editor is Jake Kreinberg.