Title
Adoption of Resolution Amending Fiscal Year (FY) 2016-17 Community Development Block Grant (CDBG) and HOME Investment Partnership Program (HOME) Funds Budget for Prior Fiscal Year Unspent Entitlement and Program Income Allocations. (Housing 236 and 235)
Body
To: Honorable Mayor and Members of the City Council
From: Jill Keimach, City Manager
Re: Adoption of Resolution Amending Fiscal Year 2016-17 Community Development Block Grant (CDBG) and HOME Investment Partnership Program (HOME) Funds Budget for Prior Fiscal Year Unspent Entitlement and Program Income Allocations
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). Each year, the City receives an allocation of approximately $1 million of CDBG funding. CDBG funds can be used to finance programs and activities that benefit low- and moderate-income households, and to help prevent or eliminate blight. To receive CDBG funding, the City has to submit to HUD an annual Action Plan detailing the programs and activities that address the needs identified in the City's approved Five-Year Consolidated Plan. The Action Plan must be approved by the City Council and includes programs, activities, and the associated funding amounts for the fiscal year. A public hearing is required for any amendment to the annual Action Plan if the City cancels an activity, adds an activity, or substantially changes the purpose, scope, location, or beneficiaries of an activity.
At any given time, funds are likely to remain unexpended because a given activity takes more than one year to identify an eligible project, to complete a project, or there is a lag time between approval and expenditure. The funding for the FY 2016-17 Action Plan currently anticipates CDBG entitlement allocation, County HOME entitlement allocation and Residential Rehabilitation Program Income, for a total of $1,365,777. However, the ...
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