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Approving Projects for Affordable Rental Housing Using Emergency Rental Assistance Program 2 Funds
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WHEREAS, the County of Kane, through its former Office of Community Reinvestment, has received $15,533,153.00 from the U.S. Department of Treasury through the Emergency Rental Assistance Program 2 (ERAP2); and
WHEREAS, a maximum of twenty-five percent ($3,883,288.00) may be used for affordable rental housing projects; and
WHEREAS, the County of Kane, through its former Office of Community Reinvestment, had proposed to use funds available from the U.S. Department of Treasury through the Emergency Rental Assistance Program 2 (ERAP2) in Kane County listed in Appendix A; and
WHEREAS, the U.S. Department of Treasury has approved the use of ERAP2 funds for the projects listed in Appendix A; and
WHEREAS, ERAP2 funds must be spent by September 30, 2025; and
WHEREAS, Kane County Board Resolution No. 04-06 established the Kane-Elgin HOME Consortium; and
WHEREAS, said program, funded by the U.S. Department of Housing and Urban Development (HUD) and U.S. Department of Treasury is to be implemented in a manner consistent with the priorities and strategies identified in the local jurisdiction’s Housing and Community Development Consolidated Plan; and
WHEREAS, the County’s Consolidated Plan, which covers a five-year period including Program Years 2020 through 2024, was approved by the Kane County Board with the passage of Resolution No. 20-104; and
WHEREAS, the County’s 2020-2024 Consolidated Plan approved by the Kane County Board authorizes the Kane-Elgin HOME Commission to allocate funds from the Affordable Housing Fund; and
WHEREAS, the Kane-Elgin HOME Commission received applications and reviewed the projects listed in Appendix A; and
WHEREAS, the Kane-Elgin HOME Commission authorized funding for the projects listed in Appendix A by resolutions of the Commission in 2022, 2023 and 2024 under its authority to allocate funds from the Affordable Housing Fund; and
WHEREAS, these funds were budgeted for FY2025 and are available in Fund 412, Emergency Rental Assistance Program #2.
NOW, THEREFORE, BE IT RESOLVED that the Kane County Board that the Chairman of the Kane County Board and/or the Director of the Development & Community Services Department are hereby authorized to execute additional development agreements and any other documents required to effectuate mortgages and promissory notes for the projects listed in Appendix A subject to review by the Kane County State’s Attorney and to be in compliance with all State and Federal regulations.
BE IT FURTHER RESOVED by the Kane County Board that funding may be redistributed between the projects in Appendix A by the Director of Development & Community Services Department if needed to spend the entire maximum of twenty-five percent ($3,883,288.00) before September 30, 2025.
Passed by the Kane County Board on August 12, 2025.
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John A. Cunningham, MBA, JD, JD Corinne M. Pierog MA, MBA
Clerk, County Board Chairman, County Board
Kane County, Illinois Kane County, Illinois
Vote: