ATTACHMENT A
ANTICIPATED CDBG FUNDING
FISCAL YEAR 2024-2025
As of August 17, 2023
COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG) PROGRAM
Anticipated Entitlement Amount
2024-25 Entitlement Amount $ 1,394,952
Anticipated Program Income (PI/RL) (2023-2024) 1 $ 25,000 Reprogrammed CDBG funding $ 146,000
Total CDBG Resources $ 1,565,952
Anticipated CDBG Allocations
Allocation for Public Services (15% cap) $ 209,242
Allocation for Capital Projects (65% + reprogramming) 2 $ 1,052,720 Allocation for General Administration (20 percent, plus PI) 3 $ 268,990 Fair Housing $ 10,000
1 Program income (PI) that may be generated from existing revolving loan fund programs, such as Residential Rehabilitation Loan Program . It may fluctuate and for that reason it is not included in “Total CDBG Allocations.”
2 This includes 15,000 for TBRA administration, leaving $1,037,720 for subrecipients.
3 20% is $278,990; however, $10,000 is for mandated Fair Housing testing as required by HUD.