Title
Public Hearing to Consider Adoption of the Community Development Block Grant/HOME Investment Partnerships Program Fiscal Year 2024-25 Action Plan; Authorize the City Manager to Use Permanent Local Housing Allocation Funds; and Authorize the City Manager to Negotiate and Execute Related Documents, Agreements, and Modifications at Funding Levels Approved by Congress. (City Manager 20321841, 20121847 & 22221840)
Body
To: Honorable Mayor and Members of the City Council
From: Jennifer Ott, City Manager
EXECUTIVE SUMMARY
The City of Alameda (City) is an entitlement recipient of Community Development Block Grant (CDBG) funds from the U.S. Department of Housing and Urban Development (HUD). Fiscal Year (FY) 2024-25 represents the fourth year of implementation for the five-year Consolidated Plan, which is a planning document required by HUD to be submitted by all jurisdictions that directly receive HUD funds. The draft Action Plan is attached as Exhibit 1 and a summary of the recommendations for program funding is included as Exhibit 2.
The total FY 2024-25 CDBG program budget is $2,514,965, which includes $1,112,658 in CDBG entitlement funds, of which approximately $175,895 may be spent on public services. As a member of the Alameda County HOME Partnership Investment Program (HOME), the City will be awarded approximately $190,064 in FY 2024-25 HOME funds. The total HOME budget of $906,385 includes $716,325 of carried forward funds. Lastly, the proposed budget also includes allocations of Permanent Local Housing Allocation (PLHA) funds, as shown in Exhibit 2.
This public hearing is an opportunity for the community to provide input on the proposed programs and projects for the upcoming fiscal year that will be funded with CDBG, HOME and PLHA funds.
BACKGROUND
The City is an entitlement recipient of CDBG funds from HUD. CDBG funds programs and activities that benefit low- and moderate-income persons and households as well as projects that prevent or elim...
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