Title
Fiscal Year 2018-19 CDBG/HOME Funding Cycle-Public Hearing.
Recommended Action
1. Allocate an estimated $332,000 in Community Development Block Grant and $171,000 in Home Investment Partnership Program funds to Fiscal Year 2018-19 capital projects as shown in Table 4 of this Council report.
2. Allocate the maximum allowable amount, currently estimated at $80,000 in Community Development Block Grant funds, to existing public service programs.
3. Allocate the maximum allowable amount, currently estimated at $96,000 in Community Development Block Grant and $19,000 in Home Investment Partnership Program funds, for the management and administration of the Community Development Block Grant and Home Investment Partnership Programs.
4. If the actual allocations and/or carryover are more or less than the amounts estimated, proportionately allocate the difference to the capital project agencies based on their awarded funding levels up to the amounts requested; proportionately allocate the maximum allowable increased or decreased Community Development Block Grant allocation to public service agencies up to the amounts requested; proportionately allocate the maximum allowable increased or decreased Community Development Block Grant and/or Home Investment Partnership Program allocation and any program income received to administration; and carry over remaining funds to Fiscal Year 2019-20 capital projects.
5. Adopt the Fiscal Year 2018-19 Action Plan in Attachment 2 to the Council report, as amended by the City Council’s decisions, and authorize the City Manager to execute the required forms and certifications and submit this document to the U.S. Department of Housing and Urban Development.