Title
Consider and take action on approval of the Program Year 2015 Annual Action Plan related to the Community Development Block Grant Program (Director of Planning and Development)
Background:
Approval of the Annual Action Plan will authorize the City’s planned expenditure of $833,232 in federal Community Development Block Grant (CDBG) funds.
Program Timeline:
July 5, 2015 - Published notice of the public hearing for the Annual Action Plan in the newspaper.
July 8, 2015 - Proposed Annual Action Plan posted on the website, in the City Secretary’s Office, and the City Library. Thirty-day public comment period begins. Public hearing for the Annual Action Plan held at the Parks and Recreation Office within the NRSA.
July 28, 2015 - Council to consider request for action on the PY2015 Annual Action Plan.
August 10, 2015 - Public comment period ends.
August 14, 2015 - Deadline to submit finalized PY2015 Annual Action Plan to HUD.
Summary:
The 5-year Consolidated Plan, approved by City Council on August 14, 2012 and amended on August 27, 2013, indicates needs facing the community and areas in which the City proposes to focus CDBG funds over a five-year period. The Annual Action Plan indicates how funds received at the beginning of a program year and carry-over funds from prior years will be spent toward meeting the needs established in the Consolidated Plan.
In October 2015, the City expects to receive $317,632 in funds from the Department of Housing and Urban Development (HUD) in accordance with a formula that considers the number of low- and moderate- income residents in the community, the age of the housing stock and a number of other variables. By law, CDBG funds must only be spent on activities that benefit low- and moderate-income persons, address slum or blight conditions, or meet a particularly urgent community development need (such as a natural disaster). Additionally, the funds have certain limitations such as a maximum of 15 percent of the annual f...
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