may 8, 2023
Public Hearing
Public Hearing
Fiscal Year 2023-2024
Annual Action Plan
(AAP)
1 Annual Action Plan: Outlines the City’s use of its Community Development Block Grant (CDBG) and HOME Investment Partnership Program (HOME) funds in a given year.
Consolidated Plan: Five-year plan for the use of CDBG and HOME funds.
Fiscal Year 2023-24 is the 4th Action Plan of the Five-Year Consolidated Planning period (2020-2025).
OVERVIEW
2 CDBG FUNDS
CDBG OBJECTIVES:
Activities benefitting low income residents
Promote economic development and eliminate blight
ELIGIBLE ACTIVITIES:
Community & Public Facilities
Infrastructure Improvements
Economic Development
Public Services
Business Assistance
CDBG CAPS/LIMITS
20% Program Administration Cap
15% Public Service Activity Cap
3 ESTIMATED CDBG REVENUE (2022-23)
* The City receipted $138,098 of program income during the 22-23 FY which is used to determine the City’s 15% public service cap for the 23-24 FY.
4 Notice of Funding Availability (NOFA)
NOFA
Published on February 10, 2023
The City received a total of 4 applications
2 Public Services
1 Economic Development
1 Fair Housing
5 Proposed CDBG Budget & Programs (2022-23)
*Subject to 15% public services cap
6 HOME FUNDS
HOME OBJECTIVES:
Housing activities to retain and increase affordable housing Must serve Low-Income Households
ELIGIBLE ACTIVITIES:
Homeowner Rehabilitation
Development of Affordable Housing
Homebuyer Activities
HOME CAPS/LIMITS
10% Program Administrative Cap
15% minimum CHDO Set-Aside
7 ESTIMATED HOME REVENUE (2023-24)
8 Proposed HOME Budget (2022-23)
9 Public Notice & Comment Period
April7, 2023: Notice of a 30-Day Public Comment Period and this Public Hearing published in the local newspaper.
30-Day Public Comment Period: April 7, 2023 – May 8, 2023
10 Open the public hearing; take testimonial and documentary evidence; and after considering the evidence, adopt Resolution No. 23-17 or
Alternatively, discuss and take other action related to this item.
Recommendation
11