IURA Neighborhood Investment Committee

In-Person Hybrid Meetings: The IURA no longer conducts Public Meetings exclusively remotely. Meetings must be conducted in person, complying with NYS Open Meeting Law (OML), which applies to all IURA Board and Committees. Members of the public who would like to deliver VERBAL comments at a meeting (3-min. max.) are strongly encouraged to do so using the Zoom link 108 E. Green St. and log-on credentials listed on the agenda, although they are welcome to do so in person at City Hall. WRITTEN public Ithaca, NY 14850 comments may be submitted before the meeting, using the instructions listed on the agenda. Pls. refer to the IURA Public In- (607) 274-6565 Person/Hybrid Meetings Policy for more detailed information and further instructions. LIVE-STREAM VIDEO: A non-interactive YouTube live-stream of the meeting can also be viewed at: https://www.youtube.com/channel/UC7RtJN1P_RFaFW2IVCnTrDg. Because of a slight delay in launching the live-stream, the video may begin a few minutes before the meeting is formally convened. AGENDA – Includes Revised Materials IURA Neighborhood Investment Committee (NIC) 8:30 a.m., Friday, December 8, 2023 (public, staff, & presenters may join remotely) Common Council Chambers (Third Floor) │ 108 E. Green St. │ Ithaca, NY 14850 Join Zoom Mtg.: https://us02web.zoom.us/j/86544854910?pwd=S1FEVkZlWlVWS2tGRlFSdHdKMWk0QT09 Meeting ID: 865 4485 4910 Passcode: J9pfY3 Dial by your location: 646 558 8656 US (New York) Meeting ID: 865 4485 4910 Passcode: 866821 I. Call to Order PUBLIC COMMENTS: WRITTEN public comments may be e-mailed until 3:00 p.m., the day before the meeting to: amendizabal@cityofithaca.org. Members of the public who would prefer to II. Changes/Additions to Agenda deliver VERBAL comments at the meeting (3-min. max.) should either appear in person or use above Zoom link and log-in credentials (for video) or dial-in number and log-in credentials (for III. Public Comments (if any) telephone). IV. Review of Minutes - November 2023 V. New Business A. Action Item – Resolution – 2023 Project #7 Alternatives to HOME Funding – UPDATED/REVISED Materials 12/7/2023 VI. Old/Other Business A. Grants Summary B. Staff Report VII. Motion to Adjourn If you have a disability and require specific accommodation in order to fully participate, please contact the CITY OF ITHACA CLERK’S OFFICE at 274-6570 or clerk@cityofithaca.org at least 72 hours prior to the meeting. 108 E. Green St. Ithaca, NY 14850 (607) 274-6565 DRAFT MINUTES ITHACA URBAN RENEWAL AGENCY (IURA) NEIGHBORHOOD INVESTMENT COMMITTEE (NIC) 2:30 P.M., Wednesday, November 8, 2023 Council Chambers, City Hall, Ithaca, NY Common Council Chambers (Third Floor) │ 108 E. Green St. │ Ithaca, NY 14850 Recording of Meeting: https://www.youtube.com/watch?v=HO3-R-gW0Xw In attendance: Karl Graham, Chair; Shaianne Osterreich, Vice Chair; Steve Williams; Fernando de Aragón. Excused: None. Vacancy: 1 Staff: Anisa Mendizabal, IURA Community Development Planner Guest(s): Mary Baker (Community Member), and Ari Rousakis (Cornell Student & IURA Intern) I. Call to Order (4:11) The Chair called the meeting to order at 2:35 p.m. II. Changes/Additions to Agenda (4:38) – Graham giving an update on potential new members to the committee under New Business. III. Public Comment – None IV. Review of Minutes (4:54) – October 2023 Motion to approve by de Aragón, seconded by Osterreich. Unanimous vote to approve. V. New Business (5:35) A. Action Item – Resolution – Procurement of Housing Inspection Services for HOME-Assisted Projects Discussion: Mendizabal stated that earlier this year, the NIC and IURA adopted HUD’s Housing Quality Standards (HQS) as the inspection tool for HOME-assisted housing inspections. This resolution is aimed at creating 1-year funding to enable IURA to procure inspection services from another agency or an individual trained in doing this work in order to bring inspections up to date. There are 33 HOME-assisted units in need of inspection. A model to consider is the IURA contract with Tompkins Community Action to conduct the inspections for the units where CCTT would like to provide a HUD-funded security deposit. For that contract, TCAction has been paid $60 per unit inspection, which, in this proposed resolution, IURA is using as the basis for a $60 fee per unit for future inspections. IURA uses the City’s procurement policy, which categorizes an expenditure of $2,500 as a micro-expenditure. That would be the ceiling for the amount paid, no matter the number of inspections. This resolution is asking to approve that action. Graham clarified that the purpose of this resolution is to have inspections for 1 year to catch us up on the units that are behind. Mendizabal added that once these inspections are completed, most of the units go on a 3-year inspection schedule, and some of the units could complete their affordability periods, which would make ongoing inspections more manageable. Williams brought up a concern that $60 per unit may not be enough, but that might not be a concern given the ceiling of $2,500. Mendizabal clarified that she had contact with a qualified individual who did not indicate that $60 was too low, but it’s possible the conversation was not detailed enough. She also noted that they could raise the price per unit and keep the ceiling of $2,500, which might mean that not all of the units would be inspected under this resolution. Osterreich wondered what the extent of these inspections was, and what was included. Mendizabal explained that it’s about 3 pages. For every room in the unit, there is a list of things to look at and make sure everything is undamaged and up to code. There was a discussion about what wording to include in the resolution, surrounding the price per unit cost. Williams suggested a variable rate based on how many units were in a single building. Mendizabal suggested changing the wording to somehow indicate that there could be negotiation of a higher amount or a variable rate since the more important part is the $2,500 ceiling. Osterreich suggested adding “at least” before the $60 per unit price. Graham suggested striking the sixth and eighth whereas’ which mention the $60/inspection. It was decided that the simplest solution would be to change it to “at least $60/inspection, not to exceed $2,500.” Graham made a motion to approve the resolution as amended, and the motion was seconded by Williams. Procurement of Housing Inspection Services for HOME-Assisted Projects WHEREAS, the IURA administers the City of Ithaca HOME Investment Partnerships Program (HOME), and WHEREAS, HOME requires periodic inspection of HOME-assisted units throughout the affordability period, and WHEREAS, the IURA adopted HUD’s Housing Quality Standards (HQS) as the standard for meeting HOME inspection standards, and  WHEREAS, there are approximately 33 HOME-assisted units in need of inspection, and WHEREAS, in order to complete inspections of HOME-Assisted units in a timely, efficient, and accurate manner, the staff recommends procurement of an independent contractor in an amount not to exceed $2,500, and WHEREAS, the staff has solicited interest from two qualified independent contractors to provide housing inspection services for at least $60/inspection, not to exceed a total of $2,500 for all inspections the same rate as is paid for HQS inspections conducted for the HOME-funded Security Deposit Assistance Program, and WHEREAS, the IURA has consulted with the City Controller’s Office regarding compliance with the IURA-adopted City of Ithaca Purchasing Policy, and WHEREAS, procuring housing inspection services with one of the two qualified independent contractors who have indicated interest at a fixed price fee of at least $60/inspection for a total amount not to exceed $2,500 complies with the City of Ithaca Purchasing Policy, and WHEREAS, inspection of HOME-assisted units is an eligible HOME delivery or administrative expense, and WHEREAS, the Neighborhood Investment Committee reviewed this matter at its November 2023 meeting and recommended the following action; now, therefore, be it: RESOLVED, the IURA hereby approves procurement of qualified housing inspection services for its HOME-assisted units, in an amount not to exceed $2,500, and be it further RESOLVED, that the funds shall derive from any unallocated HOME funds or HOME administration funds. Unanimous, 4-0 B. Organizational Meeting (24:10) – 2024-2029 Consolidated Plan & 2024 Action Plan Graham asked Mendizabal to open the 2024 Organizational Meeting for HUD Entitlement Program Planning Process. She distributed an overview of the 2024 Consolidated & Action Planning Process. She explained that the Consolidated Plan is the framework and the Action Plan actually implements the goals. The first set of bulleted items were the adopted goals for the 2019 Consolidated Plan, which were slightly modified from the 2014 plan. This is a language that HUD uses in its framework and guidance, and it’s helpful to have congruency. There are also primary dates and milestones for the planning process. The submission deadline will be the 14th of June. Outreach and consulting for the consolidated plan has already begun. As part of the plan, four different public input meetings need to be held. Some considerations – the public services cap, the administration cost, proposed uses of HOME-ARP  funds. Mendizabal noted that part of the consolidated planning process is understanding from the community what priority needs are. The matrix codes tell the committee what is possible to potentially be funded. Each of the activities that comes from a matrix code must be associated with one of the goals. She clarified that these goals can still be discussed and modified, they aren’t set in stone. Osterreich brought up that there was a previously discussion about climate change mitigation, and she wondered if those goals were embedded in here, or if that was something the Committee could talk about adding into one of these goals. Williams noted that one of the goals talks about strengthening neighborhoods and meeting essential needs, which could cover climate change. Osterreich asked what metrics might be used for the goal of removing barriers to opportunity. Mendizabal explained that this was the updated goal from 2014. Removing barriers to opportunity might involve an after-school enrichment program. Osterreich clarified that she understands that if climate change was added into the language for one of these goals, at some point a metric would have to be articulated to go along with the goal. Mendizabal said that would be ideal, but if they went through the five-year consolidated planning process and found there were no items that fit under that goal, they could strike it for the next process. She added that the activities are more important to community members than revamping the language on the goals. When community input is done, there is more discussion around the actual needs in the community and how these needs could be met. Williams noted that through his experience, they don’t want to get too complicated in terms of goals, since there’s the danger of being too specific and redundant with goals. There was discussion about if there is expanded information on these goals, and Mendizabal clarified that for each of the goals, there is a paragraph of description. It would be possible to keep the goal language the same but update the passages in the consolidated plan. She cautioned about throwing out an entire goal, and instead suggested modifying current goals. This Consolidated Plan will affect applications put forward starting in January 2024, despite the fact that HUD will not have approved the Consolidated and Action plan until June. This is one of the reasons why broad goals are helpful. [Correction/Update: The 2024 Action Plan will use the Goals from the previous Consolidated Plan (2019), though it is useful for 2024 funded projects to be associated goals that are similarly articulated/congruent to the goals in the 2024 Con Plan to avoid need for future Amendments.] Osterreich noted that she thinks there is some value in adding language about climate change to one of the goals, or one of the paragraphs within the matrix. While the committee knows climate change can fit under some of these subheadings, it might be good to include specific language about environment or climate change within one of these goals. It was noted that the 2024 numbers won’t be known until March, which makes it a bit difficult since the committee has to estimate what funds they’ll have while applicants are applying for those funds. VI. Old/Other Business C. IURA Grant Summary (1:11:45)  Mendizabal pointed out that the 2019 CDBG activity GIAC Youth Program is still a “no”(has not submitted reimbursement request to drawdown/expend funds), which is an ongoing issue. The City Controller’s Office needs to process the voucher and provide cost documentation; the activity is already done. Graham noted that IURA is under the CDBG spend-down ratio. Osterreich pointed out that Learning Web is no longer in the red. For the TCAT extension, Mendizabal was informed that the voucher for the full amount will be submitted within the next week or so. D. Staff Report (1:15:08) Ari Rousakis introduced himself – he is a sophomore at Cornell and he has been interning at the IURA since August. He’s been helping with some of the preparation for the 2024-2028 Consolidated Plan. Mendizabal noted that he reached out to IURA and asked if they would like an intern. Ari explained that he wanted to get more involved in Ithaca while he is here in Ithaca. He was working with a tenant coalition back in Brooklyn and he knew that he was interested in housing policy and housing equity. Mendizabal plans on bringing the updated fair market housing rates for Ithaca to the next meeting. In the 2023 action plan, the NIC recommended (and the IURA adopted) the allocation of $88,000 to St. John’s Community Services for their reintegration services project, which would fund a rehabilitation at 402 South Albany Street. The timing of this application was a work-in- progress, and the project was described as a transitional housing with support. In discussion with St. John’s, they are considering this activity more of a clinical setting than transitional housing. Since they were funded under HOME funding, they would no longer comply given the current program design, so staff are looking for a way to solve this problem. There will likely be a proposal in the coming months. The following is a list of possible options for action: to defund them; switch the funding to CDBG funding; potentially offering them a loan; asking them to wait until next year, or possibly using CDBG program income for this activity. Graham wanted to know that if the funds are going towards the building project, how does the change in what they’re calling the housing make them non-compliant? Mendizabal explained that there is an affordability period, and the change in use would mean the program doesn’t easily fit the regulations that HOME has. Graham explained that there are two community members who have showed interest in being on the committee – Mary Baker and Brian Toy. They must submit an application and have an interview done before becoming official members of the committee. One minor issue that Graham brought up is that with an even number of members, there may be a tie. In addition, the quorum will be four instead of three. VII. Motion to Adjourn Motion to adjourn by Graham, seconded by <consensus>. Meeting adjourned at approximately 4:00 p.m. NIC/AM/jh Proposed Resolution IURA Neighborhood Investment Committee December 8, 2023 Program Amendment #1 to the 2023 HUD Action Plan: Project #7, “SJCS Reintegration Services Project” Alternative Funding WHEREAS, the City of Ithaca’s 2023 HUD Entitlement Action Plan included an allocation of $88,000 in HOME Funds for Project #7, “SJCS Reintegration Services Project,” to address a community need for temporary or transitional housing in a sober living environment for LMI individuals exiting substance use treatment programs, and WHEREAS, the current program design of 2023 Project #7 does not include leases for each tenant, so it does not meet qualifications for HOME-eligible affordable rental housing at CFR 24 Section 92.253, making 2023 Project #7 ineligible for HOME funds, and WHEREAS, 2023 Project #7 as currently designed would meet eligibility requirements for CDBG and CDBG-CV 1 funds, and WHEREAS, IURA Staff explored an array of alternatives to replace HOME funding with compliant funding sources, and WHEREAS, changes in use of $25,000 or less from one eligible activity to another eligible activity is categorized as a non-substantial Program Amendment to the Action Plan that does not require a Public Hearing or Common Council approval, and WHEREAS, the IURA Neighborhood Investment Committee has reviewed alternatives presented by IURA Staff and recommends the following, now, therefore be it RESOLVED, that the IURA hereby adopts Program Amendment #1 to the 2023 Action Plan to reallocate $48,421.18 in CDBG and CDBG-CV funding to Project #7, “SJCS Reintegration Services,” from the sources specified below: ● $8,671.31 in unallocated CDBG-CV funds ● $5,349.87 in unallocated CDBG (2023 R/U) funds ● $9,500.00 in CDBG funds from 2023 Project #4, “CHT Sears St. Development” ● $24,900.00 in CDBG-CV funds from 2020 CDBG-CV Project #32, “GIAC Youth Programming,” subject to confirmation from the City Controller that remaining $150,100.00 funding for the GIAC project is anticipated to be sufficient to reimburse all documented eligible GIAC costs, and be it further RESOLVED, that $88,000.00 in 2023 HOME funds be reallocated from Project #7, “SJCS Reintegration Services,” as follows: ● $9,500.00 to 2023 Project #4, “CHT Sears St. Development” ● $2,500.00 for a new project to conduct housing inspections of HOME-assisted projects ● $76,000.00 designated as unallocated HOME funds available to be disbursed through the 2024 Action Plan process. 1According to the Centers for Disease Control (CDC) the COVID-19 pandemic exacerbated drug use and overdose deaths in the United States, “Substance during COVID-19 pandemic: impact on the underserved communities” https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8896880/  2023 HUD Entitlement Annual Action Plan Project #7, “SJCS Reintegration Services” Alternatives to HOME Funding Summary: St. John’s Community Services (SJCS) requested $106,000 in 2023 and was awarded $88,000 in 2023 HOME funds. SJCS has a match of $252,000 from the Tompkins County Recovery Fund. Both HOME and CDBG funds can be used for renovation and rehabilitation projects, though their compliance requirements differ. As the project has developed, it appears that HOME funds would not be suitable for this project, though CDBG and CDBG-CV funds would be. The matrix below summarizes the options IURA Staff explored in an effort to identify solutions to subsequent funding gap for 2023 Project #7. Math of Substantial # ALTERNATIVE FINDINGS Details “Available” Amendment? Funds 1. Defund SJCS Project (without HOME requires 1- IURA Staff would prefer n/a No. replacement) year leases, which to identify to find is not part of SJCS replacement funds. program design. 2. Identify unallocated CDBG-CV We have identified Compliant use of CDBG- $8,671.31 No. $8,671.31 in CV funds. According to CDBG-CV funds the CDC, there was 13% available to increase in drug use and dedicate to another 18% increase in project(s) overdoses due to the pandemic. Math of ALTERNATIVE Substantial # FINDINGS Details “Available” Amendment? Funds 3. Replace small CDBG portion in INHS’ Replacement would A small benefit to INHS. $9,500 No. 2023 Project #4 “CHT Sears St. simplify compliance Development” CDBG portion with HOME requirements at  (project was funded with both streams). Sears St. Instead of two sets of compliance requirements (CDBG and HOME), there would be one. Note: This project was funded in two AAPs. 2022 funding to Sears St. was exclusively HOME. 4. Explore cost documentation issue with Award was Information available $24,900 Yes, if moving the City for 2019 Project #32-CV “GIAC $175,000. Summer indicates this project is $25,000+ from an Youth Programming” to determine 2021 cost unlikely to expend entire open project. whether any funds will be returned. documentation award. Can we exists ($70K). reprogram $24,900? No, if under $25,000 Contract expired March 31, 2023. 5. Identify CDBG R/U (returned, $5,349.87 Returned from prior $5,349.87 unallocated) years’ projects. Math of ALTERNATIVE Substantial # FINDINGS Details “Available” Amendment? Funds 6. Replace INHS some amount 2023 INHS was open to $0 No, if under Homeowner Rehab CDBG with HOME this idea but upon $25,000. investigation does not think it can use  HOME funds even with extended deadline for use. All 13 homes on their waiting list are within $7,000 of the post-rehab valuation cap, which means rehab is likely to put the house over the cap. 7. HODAG Loan Must be affordable Unclear. May be similar $0 n/a rental housing eligibility issues as project HOME. Additionally, a loan would need to be repaid; not the same as “replacement” funding. 8. Explore options with local non- IURA Staff will Being No. government funders. make inquiries. investigated. Subtotal $48,421.18  IURA Grants Summary September 2023 ON TOTAL TOTAL SCHEDULE HUD ENTITLEMENT ACTIVITIES SPONSOR BUDGET UNEXPENDED % SPENT 2019 CDBG Activities complete 1.0 Homeowner Rehab7 INHS 67,594.32 0.00 100% complete 2.0 Small Repair Program INHS 32,500.00 0.00 100% complete 6.0 Finger LakesReUse Job Skills Training Finger Lakes ReUse, Inc. 95,529.00 0.00 100% complete 7.0 Work Preserve Job Training Historic Ithaca 67,500.00 0.00 100% complete 8.0 Hospitality Employment Training Program GIAC 110,725.28 0.00 100% complete 9.0 Ithaca ReUse Center Acquisition Finger Lakes ReUse, Inc. 100,000.00 0.00 100% complete 10.0 Economic Development Loan Fund IURA 107,396.99 0.00 100% complete 11.0 Black Girl Alchemists Public Art Mosaic22 CAP 7,384.53 0.00 100% complete 12.0 Housing For School Success Beverly J. Martin Elem 15,700.00 0.00 100% complete 13.0 2‐1‐1 Human Services Coalition 15,000.00 0.00 100% complete 14.0 Work Preserve: Job Readiness9 Historic Ithaca 20,000.00 0.00 100% complete 15.0 A Place To Stay Catholic Charities 20,000.00 0.00 100% complete 16.0 Immigrant Services Catholic Charities 25,059.00 0.00 100% complete 17.0 CDBG Admin IURA 137,679.40 0.00 100% 2019 CDBG Unallocated9, 6, 7, 22 IURA 0.00 0.00 N/A Total 822,068.52 ‐ 100% 2019 HOME Activities complete 1.0 Homeowner Rehab17 INHS 42,151.58 0.00 100% complete 3.0 Founders Way Rental INHS 199,900.00 0.00 100% complete 4.0 Housing Scholarship Program The Learning Web 70,560.00 0.00 100% ok 5.0 Security Deposit Assistance‐Vulnerable Households3, 11, 18 Catholic Charities 64,000.00 60.70 99.9% complete 18.0 HOME Admin IURA 30,597.20 0.00 100% complete Home Admin (PI)10 IURA 849.10 0.00 100% 2019 HOME Unallocated3, 11, 17, 18 17,237.90 0.00 N/A Total 425,295.78 60.70 100% 2019 CDBG‐CV Activities complete 10.0 CD‐RLF #46: COVID‐19 Emergency SBRF AFCU 126,354.44 0.00 100% 22 complete 19.0 Emergency Rental Assistance Program INHS 189,525.00 0.00 100% ok 20.0 CDBG‐CV Admin IURA 153,892.20 23,001.96 85% complete 21.0 Laundry & Internet Needs During COVID‐19 OAR of Tompkins County 11,000.00 0.00 100% Child Development Council of Central ok 22.0 Ithaca CARES About Re‐opening Child Care NY, Inc. 10,000.00 2,022.61 80% complete 23.0 Aid for Immigrants During COVID‐19 Catholic Charities 10,879.00 0.00 100% complete 24.0 DICC Child Care Center Re‐Opening Assistance28 DICC 25,600.00 0.00 100% complete 25.0 COVID‐19 Emergency Assistance Program27 The Salvation Army Assistance 5,000.00 0.00 100% complete 26.0 COVID‐19 Testing for Vulnerable Populations The REACH Project 20,000.00 0.00 100% ok 27.0 Security Deposits for Safer Housing Catholic Charities 25,000.00 6,083.00 76% canceled Advocacy Center of Tompkins County 28.0 On Call Office Subdivision27 5,720.00 0.00 100% ok 29.0 Health & Wellness: Smoothies, Food Services & Yoga Black Hands Universal, Inc. 18,001.60 2,863.19 84% ok 30.0 Online Market Discounts for LMI/SNAP Customers Ithaca Farmer's Market 19,068.00 467.99 98% canceled 31.0 HVAC Upgrade24 St.John's Community Services 0.00 0.00 0% NO 32.0 GIAC Youth Programming GIAC 175,000.00 175,000.00 0% complete 33.0 Community Outreach Worker28 City of Ithaca 65,000.00 0.00 100% complete 34.0 Childcare Health & Safety DICC 17,475.00 0.00 100% ok 36. OAR Community Outreach OAR of Tompkins County 17,000.00 17,000.00 0% 2019 COVID CDBG Unallocated22, 24, 27, 28 7,020.20 7,020.20 N/A Total 901,535.44 233,458.95 74% 2020 CDBG Activities complete 1.0 Small Repair Program INHS 32,500.00 0.00 100% complete 2.0 Founder's Way For‐Sale Townhomes INHS 27,555.84 0.00 100% complete 4.0a Security Deposit Asst Delivery Catholic Charities 2,500.00 0.00 100% complete 5.0 ReUse Job Skills Training & Employment Connections Finger Lakes ReUSe 75,000.00 0.00 100% complete 6.0 Work Preserve Job Training Historic Ithaca, Inc. 67,500.00 0.00 100% complete 7.0 Hospitality Employment Training Program GIAC 75,000.00 0.00 100% ok 8.0 Reimagining Ithaca Community Gardens Project Growing Hope 25,150.00 1,460.74 94% complete 9.0 Food Pantry Mechanical Dock Leveler TCA 14,470.00 0.00 100% complete 10.0 ADA Curb Ramps at West Village/Elm St Bus Stop IURA 11,000.00 0.00 100% Center For Community canceled 11.00 GO ITHACA Low‐Income Support29 Transportation 12,200.00 0.00 0% complete 12.0 2‐1‐15 Human Services Coalition 20,000.00 0.00 100% complete 13.0 Work Preserve: Job Readiness20 Historic Ithaca, Inc. 20,000.00 0.00 100% complete 14.0 Immigrant Services Program Catholic Charities 30,000.00 0.00 100% complete 15.0 2020 CDBG Admin13, 16 IURA 136,524.00 0.00 100% 12, 16 ok Economic Development Loan Fund IURA 255,828.01 85,641.06 67% 20,29 2020 CDBG Unallocated 0.00 0.00 N/A Total 805,227.85 87,101.80 89% 2020 HOME Activities complete 2.0 Founder's Way For‐Sale Townhomes12, 15 INHS 172,344.16 0.00 100% 30 ok 3.0 Northside Apartments Cayuga Housing Dev Corp 70,877.94 0.94 99.9% 4, 12, 15, 19 ok 4.0 Security Deposit Asst For Vulnerable Households Catholic Charities 76,416.48 2,225.00 97% complete 16.0 2020 HOME Admin13 IURA 33,509.90 0.00 100% 2020 Home Unallocated12, 15, 19, 30, 31 0.00 0.00 N/A Page 1 of 3  IURA Grants Summary September 2023 ON TOTAL TOTAL SCHEDULE HUD ENTITLEMENT ACTIVITIES SPONSOR BUDGET UNEXPENDED % SPENT Total 353,148.48 2,225.94 99% 2021 HOME Activities ok 24.0 HOME‐ARP Admin IURA 60,596.45 35,128.25 42% Total 60,596.45 35,128.25 42% 2021 CDBG Activities ok 2.0 Homeowner Rehab INHS 42,850.00 29,187.00 32% complete 3.0 Minor Repair Program INHS 33,475.00 0.00 100% complete 7.0a Security Deposit Asst Delivery Catholic Charities 2,500.00 0.00 100% canceled 8.0 ReUse Job Training for Career Pathways22 Finger Lakes ReUse 0.00 0.00 0% 6 complete 9.0 Work Preserve Job Training Historic Ithaca, Inc. 67,500.00 0.00 100% ok 10.0 Hospitality Employment Training Program GIAC 100,643.06 561.53 99% ok 11.0 Great Neighbor & Essential Resource Ithaca Community Gardens, Inc. 41,200.00 18,639.12 55% ok 12.0 Urban Bus Stop Upgrade Project TCAT 17,100.00 12,350.00 28% NO 13.0 New Gym Renovations GIAC 100,000.00 100,000.00 0% complete 14.0 2‐1‐16 Human Services Coalition 25,000.00 0.00 100% complete 15.0 Work Preserve: Job Readiness Historic Ithaca, Inc. 20,000.00 0.00 100% complete 16.0 Immigrant Services Program6 Catholic Charities 30,000.00 0.00 100% complete 17.0 A Place to Stay23 Catholic Charities 15,000.00 0.00 100% complete 22.0 2021 CDBG Admin IURA 138,158.60 0.00 100% complete Economic Development Loan Fund IURA 160,000.00 0.00 100% 2021 CDBG unallocated22, 23,25 0.00 0.00 N/A Total 793,426.66 160,737.65 80% 2021 HOME Activities complete 1.0 110 Auburn Street Homeowner Project INHS 24,999.00 0.00 100% ok 2.0 Homeowner Rehab32 INHS 57,170.80 9,528.41 83% complete 5.0 511 S. Plain Street For‐Sale Duplex21, 31 INHS 97,850.00 0.00 100% ok 6.0 Housing Scholarship Program2 The Learning Web 75,600.00 61,649.40 18% ok Security Deposit Asst for Vunerable Households Catholic Charities 74,000.00 6,325.38 91% complete 23.0 2021 HOME Admin IURA 33,471.50 0.00 100% 2021 Home Unallocated21,32 13,204.80 2,080.80 N/A Total 376,296.10 79,583.99 79% 2022 CDBG Activities ok 2.0 Homeowner Rehab INHS 136,123.31 136,123.31 0% ok 3.0 Minor Repair Program INHS 40,000.00 40,000.00 0% ok 6.0a Security Deposit Asst Delivery Catholic Charities 2,500.00 2,500.00 0% ok 7.0 Green Job Opportunities Through ReUse Training Finger Lakes ReUse 61,934.65 24,111.90 61% ok 8.0 Work Preserve Job Training Historic Ithaca, Inc. 67,500.00 29,361.72 57% ok 9.0 Hospitality Employment Training Program GIAC 50,000.00 50,000.00 0% ok 10.0 Catholic Charities Building INHS 66,170.44 11,817.44 82% complete 11.0 West End Pedestrian Improvements City of Ithaca 55,000.00 0.00 100% complete 12.0 2‐1‐1 Information & Referral HSC 20,000.00 0.00 100% ok 13.0 Job Readiness Historic Ithaca, Inc. 20,000.00 15,611.26 22% ok 14.0 Immigrant Services Catholic Charities 30,000.00 22,500.00 25% ok 15.0 GIAC Computer Lab GIAC 10,689.96 10,689.96 0% ok 16.0 Pre‐Apprentice Program Work Services Black Hands Universal 12,000.00 6,900.00 43% ok 18.0 2022 CDBG Admin IURA 126,666.60 28,737.94 77% complete 20.0 FLRU Job Retention Finger Lakes ReUse 98,025.60 0.00 100% complete Economic Development Loan Fund IURA 50,000.00 0.00 100% 2022 CDBG unallocated 5,350.00 5,350.00 N/A Total 851,960.56 383,703.53 55% 2022 HOME Activities ok 1.0 215 Cleveland Ave. For‐Sale Home INHS 50,000.00 50,000.00 0% ok 2.0 Homeowner Rehab INHS 12,517.50 12,517.50 0% ok 4.0 Aurora Street & Morris Ave. Revitalization Habitat for Humanity 70,000.00 60,000.00 14% ok 5.0 Sears Street Development INHS 92,140.40 92,140.40 0% ok 6.0 Security Deposit Asst for Vunerable Households Catholic Charities 74,000.00 74,000.00 0% ok 19.0 2022 HOME Admin32 IURA 31,913.70 6,394.34 80% 21 2022 Home Unallocated 0.00 0.00 N/A Total 330,571.60 295,052.24 11% 2023 CDBG Activities ok 2.0 Homeowner Rehab INHS 136,123.31 136,123.31 0% ok 3.0 Minor Repair Program INHS 40,000.00 40,000.00 0% ok 6.0a Security Deposit Asst Delivery Catholic Charities 2,500.00 2,500.00 0% ok 7.0 Green Job Opportunities Through ReUse Training Finger Lakes ReUse 61,934.65 24,111.90 61% ok 8.0 Work Preserve Job Training Historic Ithaca, Inc. 67,500.00 29,361.72 57% ok 9.0 Hospitality Employment Training Program GIAC 50,000.00 50,000.00 0% ok 10.0 Catholic Charities Building INHS 66,170.44 11,817.44 82% complete 11.0 West End Pedestrian Improvements City of Ithaca 55,000.00 0.00 100% complete 12.0 2‐1‐1 Information & Referral HSC 20,000.00 0.00 100% ok 13.0 Job Readiness Historic Ithaca, Inc. 20,000.00 15,611.26 22% ok 14.0 Immigrant Services Catholic Charities 30,000.00 22,500.00 25% ok 15.0 GIAC Computer Lab GIAC 10,689.96 10,689.96 0% ok 16.0 Pre‐Apprentice Program Work Services Black Hands Universal 12,000.00 6,900.00 43% ok 18.0 2022 CDBG Admin IURA 126,666.60 28,737.94 77% Page 2 of 3  IURA Grants Summary September 2023 ON TOTAL TOTAL SCHEDULE HUD ENTITLEMENT ACTIVITIES SPONSOR BUDGET UNEXPENDED % SPENT complete 20.0 FLRU Job Retention Finger Lakes ReUse 98,025.60 0.00 100% complete Economic Development Loan Fund IURA 50,000.00 0.00 100% 2022 CDBG unallocated 5,350.00 5,350.00 N/A Total 851,960.56 383,703.53 55% 2023 HOME Activities ok 1.0 215 Cleveland Ave. For‐Sale Home INHS 50,000.00 50,000.00 0% ok 2.0 Homeowner Rehab INHS 12,517.50 12,517.50 0% ok 4.0 Aurora Street & Morris Ave. Revitalization Habitat for Humanity 70,000.00 60,000.00 14% ok 5.0 Sears Street Development INHS 92,140.40 92,140.40 0% ok 6.0 Security Deposit Asst for Vunerable Households Catholic Charities 74,000.00 74,000.00 0% ok 19.0 2022 HOME Admin32 IURA 31,913.70 6,394.34 80% 21 2022 Home Unallocated 0.00 0.00 N/A Total 330,571.60 295,052.24 11% Total Unexpended Funds Unexpended CDBG Entitlement Funds (Excludes CDBG‐CV Funds) 593,431.72 Unexpended CDBG Program Income Committed to Action Plan Activities 38,111.26 CDBG Revolving Loan Fund Balance (#02 Bank Balance excluding interest) 86,062.58 Unexpended HOME Entitlement Funds 412,051.12 Unexpended HOME Program Income 0.00 HOME Program Income Unassigned 0.00 Unexpended HUD Funds (Excluding CV Funds) 1,091,545.42 Unexpended CDBG‐CV Funds 233,458.95 Expended CDBG‐CV Funds 718,126.05 Unexpended CDBG‐CV Program Income 0.00 Unexpended COVID‐19 Funds 233,458.95 Total Unexpended HUD Funds 1,325,004.37 1.5 CDBG Spend Down Ratio Analysis (must be less than 1.5 by June 1st of each year): CDBG Spend Down Ratio = total unexpended CDBG funds/most recent annual CDBG award Most Recent Annual CDBG Award: 633,333 1.5 x Most Recent CDBG Award: 950,000 Current Unexpended CDBG Funds: 679,494.30 Current CDBG Spend Down Ratio: 1.0729 Compliance With 1.5 CDBG Spend Down Ratio: yes Amount Required to be Expended by 6/1 to Meet CDBG Spend Down Ratio: 0.00 CV Spend Down Ratio Analysis (80% of funds must be spent within 3 years (by 7/22/2023)): CV Spend Down Ratio = total expended CV funds/total CV award Current CV Spend Down Percentage: 84.55% Compliance With 80% CV Spend Down Ratio: Yes Page 3 of 3  LEASE PAYMENTS DUE TO IURA September 2023 Q Fe ate on ua e Pa La th rt Ye us yt st Fe ly er Fe ly ar .R Project M e e ly Stat D ec 'd Cayuga Green Allpro Parking - air rights lease Monthly Lease $ 3,225.73 Past Due - owes September 2023 9/12/2023 (rate change 1/1/2023) Cayuga Green-Parcel A ground floor Monthly Lease-rate change on 2/1/2023 $ 7,638.38 Current 9/6/2023 . Cinemapolis Current-Agreement executived-no payments due June- Monthly Lease-rate change on 5/1/23 $ 3,738.85 December 2023 5/10/2023 Qrtly Maint Fee- Jan., April, July, Oct. $ 330.85 Current 7/24/2023 (Maint Fee rate change on 7/1/23) Other Leases Southside Community Center-RIBS Monthly Lease -New rate 7/1/23 $ 532.82 Past Due-owes July - Sept. 2023 3/27/2023 Farmer's Market/Steamboat Landing Quarterly Lease - June, Aug., Oct., Dec. $ 9,200.00 Current 10/4/2023  LOAN REPAYMENTS DUE TO IURA September 2023 ec 'd D tR rigin D ue at on th Lo B an St Py m Lo al an Ye Fi e Py y m Pa alan at ar na t id ce us ate O l % M D Entitlement Loans Diane's Downtown Auto-revised 5/3/12 $ 80,000 2006 2026 4 $ 449.85 $ 449.85 $ 14,838.14 Current 9/1/2023 Cedar Creek(90K HOME/10K HODAG)2 $ 100,000 2008 2038 5 N/A N/A $ 199,916.42 Int. only pmts. due subject to cash flow N/A Breckenridge Place $ 400,000 2012 2053 1 2,312.00 $ - $ 533,057.07 Int. only pmts. due subject to cash flow 04/17/23 TOTAL ENTITLEMENT LOANS $ 580,000 $ 2,761.85 $ 449.85 $ 747,811.63 CD-RLF Ithaca Coffee Roasting Facility $ 100,000 2013 2034 2.5 $ 537.42 $ 537.42 $ 59,798.56 Current 9/14/2023 210 Hancock6 $ 120,000 2016 2048 3.5 $ 565.87 $ 565.87 $ 110,883.53 Current 8/31/2023 Tompkins Community Action (Harriet Giannelis) $ 84,200 2018 2039 2.5 $ 440.54 $ 440.54 $ 67,574.14 Current 9/1/2023 Tompkins Community Action Relocation Loan $ 90,960 2018 2029 2.5 $ 857.48 $ 857.48 $ 52,823.80 Current 9/1/2023 BSJ Holdings Group (Tres Leches) $ 100,000 2023 2028 5.8 $ 409.10 $ 409.10 $ 100,000.00 Current 9/11/2023 Scattered Site Preservation $ 160,000 2018 2051 2 $ - $ - $ 136,821.71 Int. only pmts. due subject to cash flow N/A TOTAL CD-RLF LOANS $ 655,160 $ 2,810.41 $ 2,810.41 $ 527,901.74 CD-RLF Priority Business State Theatre1 $ 458,500 2009 2029* 2 $ 1,741.96 $ 1,741.96 $ 293,541.85 Current 9/1/2023 Liquid State Brewing Company $ 70,000 2017 2025 2.5 $ 975.54 $ 975.54 $ 17,088.65 Current 9/1/2023 Urban Core $ 200,000 2017 2038 2.5 $ 1,068.43 $ 1,068.43 $ 160,234.71 Current 9/1/2023 Home Cooking $ 100,000 2021 2028 2.5 $ 1,306.52 $ 1,306.52 $ 72,464.56 Current 9/1/2023 Sons of Susan, LLC (Personal Best Brewing) $ 140,000 2022 2028 3.5 $ 2,546.84 $ 2,546.84 $ 129,244.91 Current 9/1/2023 GreenStar Coop $ 400,000 2019 2029 3.5 $ 3,955.43 $ 3,955.43 $ 281,864.18 Current 9/1/2023 TOTAL CD-RLF PRIORITY BUSINESS $ 1,368,500 $ 11,594.72 $ 11,594.72 $ 954,438.86 CDBG 210 Hancock6 $ 130,404 2016 2048 2 $ 3,772.00 $ - $ 134,821.19 Int. only pmts. due subject to cash flow 5/5/2022 Non-CDBG Ithaca Downtown Assoc (Canopy Hotel)4 $ 1,375,000 2016 2037 2.24% $ 7,190.05 $ 7,190.05 $ 1,088,067.54 Current 9/8/2023 324 Buffalo St. Loan $ 110,000 2021 2036 2.50% $ 508.30 $ 508.30 $ 102,255.70 Current 9/1/2023 107-109 South Titus $ 578,555 2020 2035 2.50% $ 2,294.57 $ 2,294.57 $ 541,385.47 Current 9/1/2023 TOTAL NON-CDBG $ 2,063,555 $ 9,993 $ 9,992.92 $ 1,731,709 HODAG Breckenridge Place $ 600,000 2012 2043 2 $ 2,217.72 $ 2,217.72 $ 442,831.02 Current 9/1/2023 TOTAL HODAG LOANS $ 600,000 $ 2,217.72 $ 2,217.72 $ 442,831.02 HOME Stone Quarry Apartments, LLC3 $ 370,000 2014 2045 2 N/A $ - $ 385,172.75 Int. only pmts. due subject to cash flow 5/4/2021 210 Hancock6 $ 206,923 2017 2047 2 8,360.00 $ - $ 211,567.78 Int. only pmts. due subject to cash flow 5/5/2022 Permanent Construction Period Commenced 7/1/2023. Founder's Way11 $ 199,900 2021 2053 1 N/A N/A $ 199,900.00 Annual Pmts Subject to Cash flow. N/A Cayuga Flats $ 100,000 2020 2070 0 N/A N/A $ 101,084.16 Int. only pmts. due subject to cash flow N/A TOTAL HOME $ 876,823 0.00 $ 897,724.69 TOTAL IURA LOAN PORTFOLIO $ 6,274,441 $ 29,377.62 $ 27,065.62 $ 5,437,237.84 Agrees to Balance Sheet for September 2023 $ 409.10 BSJ Holdings-September 2023 $ 26,656.52 Agrees to M&T loan Statement for September 2023 Notes 1. State Theatre's loan was extended/balloon payment now due in March 2030 2. Cedar Creek's first Interest Only payt. due 1/1/11 - yearly payt. subject to available cash flow 3. Permanent phase for Stone Quarry began 11/1/2015. Permanent phase interest rate is 2%. 4. Canopy Hotel closed on 8/10/2016. Interest only pmts were due for the first 15 months. Interest rate is adjustable every five years. P&I payments began 1/1/2018. 5. 210 Hancock CDBG & HOME loans-permanent phase (commenced 12/1/2017) interest rate 2% (compounded annually); Annual payment subject to cash flow. 6. Urban Core Loan was disbursed 8/29/2017 for closing on 8/30/2017. First 6 months Interest Only payments due began 10/1/2017. Interest Rate 3.5%. P&I payments began April 2018. 7. Scattered Site Preservation Loan-Per original promissory note dated 5/16/2018 payments were not due and interest did not accrue in the construction phase. Promissory note was amended 11/15/2019 to include the accrual of interest @ 2% (compounded annually) during the construction phase. Permanent phase commenced 12/1/2021. In permanent phase pmts are subject to cash flow. Interest will accrue at 2% and compound annually. 8. Cayuga Flats-Permanent phase commenced 12/1/2021. During permanent phase 1% interest only payments will be due each anniversary of the permanent loan commencement date. Interest will compounded annually and payment will be subject to cash flow. Payments were not due and interest did not accrue in the construction phase. 9. Term for the 107-109 S.Titus Loan is 15 years but the loan is amortized over 30 years. The 15 year term includes 2 months of interest only pmts. A balloon pmt of principal & interest is due at the end of year 15 (10/1/2035). 10. Term for the 324 Buffalo St. is 15 years but the loan is amortized over 24 years. A balloon pmt of principal & interest is due in 2036 for approx. $49,518.74. 11. Permanent phase for Founder's Way began 7/1/2023. Permanent phase interest rate is 1%, compounded annually. Payments are subject to cash flow.