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Mortgage Assistance Foundation
Clarification of Funding for 2020 Front Door Grant Program
The Board approved at their October 2019 meeting to fund the Front Door Grant Program for another year with $202,000 for up to 80 grants. Staff is seeking a clarification on this motion.
At the October Board meeting, it was discussed that $140,000 of new funding would be added to any remaining unspent funds from the 2019 program which, at the time, came to a total of $202,000. Since October, additional projects have been completed and their final project value, and thus grant amount, have gone down. This has resulted in a larger pool of unspent funds in the 2019 program. Is it the preference of the Board to have a total program budget of $202,000 for the Front Door Grant Program in 2020, or $140,000 plus all remaining funds from the 2019 program? Additionally, should the new funding be taken from the 82000 fund or the 19000 fund?
Staff is requesting a clarification about the funding level and origination of funds for the Front Door Grant Program in 2020.
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