Title
Public Hearing to Consider Adoption of the FY14-15 Community Development Block Grant/HOME Partnership Investment Program Action Plan and Authorize the City Manager to Negotiate and Execute Related Documents, Agreements, and Modifications. (Housing 236)
Body
To: Honorable Mayor and Members of the City Council
From: John A. Russo, City Manager
Re: Public Hearing to Consider Adoption of the FY14-15 Community Development Block Gant/HOME Partnership Investment Program Action Plan and Authorize the City Manager to Negotiate and Execute Related Documents, Agreements, and Modifications
BACKGROUND
The City of Alameda is an entitlement recipient of Community Development Block Grant (CDBG) funds from the Federal Department of Housing and Urban Development (HUD). CDBG funds support programs and activities that benefit low and moderate income persons and households and help prevent or eliminate slums and blight. Each year, entitlement cities must follow a prescribed process to receive public input, establish community goals and prepare a budget for the coming year. Each city must also prepare and submit an Action Plan to HUD for formal approval.
In the FY14-15 Action Plan period, the City will receive approximately $1,073,723 in CDBG entitlement funds. In addition, as a member of the Alameda County HOME Partnership Investment Program (HOME) Consortium, the City of Alameda expects to receive approximately $238,145 in FY14-15 HOME funds, which includes $83,889 in program income (i.e. funds captured through loan repayments). To receive CDBG/HOME funding, the City has to submit to HUD an Action Plan detailing the programs, activities and resources to address the housing and community development needs identified in the Five-Year Consolidated Plan. The FY14-15 CDBG/HOME Action Plan, describing the proposed use of CDBG/HOME funds in the coming year, must be approved by the City Council and submitted to HUD by May 15, 2014.
The citizen participati...
Click here for full text