Title
DCR: FY 2026-2027 HOMES Interlocal Agreement
Action
ACTION:
1) Adopt Resolution Approving fiscal year 2026-2027 Helping Out Mecklenburg’s Homeowners with Economic Support (HOMES) Interlocal Agreement between Mecklenburg County and Town of Davidson
2) Amend the fiscal year 2026-2027 annual budget ordinance to recognize, receive, and appropriate an increase in revenue and expenses in the amount of $14,250 to the General Fund (0001) in the Department of Community Resources for the HOMES Program
Staff Contact: Lonnie Parker, Division Director of Business Operations, Department of Community Resources
Presentation: No
BACKGROUND/JUSTIFICATION:
The Department of Community Resources (DCR) manages the HOMES Program that provides economic support to residents with low to moderate income in retaining their homes. The fiscal year 2026-2027 DCR HOMES Program includes a partnership with the Town of Davidson. The interlocal agreement puts in place the terms that Mecklenburg County and Town of Davidson agreed. Town of Davidson will transfer $15,000 to Mecklenburg County for use in the FY27 HOMES Program in addition to the $7,340 remaining for a total of $22,340. The Town of Davidson additional grant funds ($14,250) are included in the request.
PROCUREMENT BACKGROUND:
N/A
POLICY IMPACT:
N/A
FISCAL IMPACT:
An increase in fiscal year 2026-2027 general fund (0001) revenue and associated expenses in the amount of $14,250 for the Department of Community Resources