Title
HOMES Interlocal Agreement
Action
ACTION:
1) Adopt a Resolution Approving fiscal year 2025-2026 Helping Out Mecklenburg’s Homeowners with Economic Support (HOMES) Interlocal Agreements between Mecklenburg County and Town of Davidson
2) Amend the fiscal year 2025-2026 annual budget ordinance to recognize, receive, and appropriate an increase in revenue and expenses in the amount of $60,757 to the general fund (0001) in the Department of Community Resources for the HOMES Program
Staff Contact: Lonnie Parker, Director of 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 2025-2026 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 FY26 HOMES Program in addition to the $6,975 remaining for a total of $21,975. The City of Charlotte donated $34,125 and the County has $4,657 of HOMES tax adjustments for a total of $60,757 included on the request.
PROCUREMENT BACKGROUND:
N/A
POLICY IMPACT:
N/A
FISCAL IMPACT:
An increase in fiscal year 2025-2026 general fund (0001) revenue and associated expenses in the amount of $60,757 for the Department of Community Resources