FFY2018/FY 2019 Annual Action Plan and Substantial Amendment to the FFY 2014 ? 2017 Annual Action Plans and Neighborhood Stabilization Programs (NSP) 1 & 3
Initiator
Community Reinvestment
Recommendation
Approval is requested for the filing of the FFY 2018/FY 2019 Annual Action \n \n Plan, applications for Entitlement funding for the Community Development Block \n \n Grant (CDBG) and the HOME Investment Partnership Program (HOME), including a \n \n substantial amendment to the FFY 2014 ? 2017 Annual Action Plans and \n \n Neighborhood Stabilization Program (NSP) 1 & 3.
Approval
Pending
Background
The Annual Action Plan is a document required by HUD illustrating how the
Entitlement funding will be expended during FFY2018/FY 2019 (see attached).
The Annual Action Plan is an annual update of the City's Five Year Consolidated
Plan for the years 2017 - 2021.
The City has prior year CDBG allocations that will be allocated to projects in
FY 2019 which require a substantial amendment to the 2014 ? 2017 Annual Action
Plans. We are also submitting a substantial amendment to the NSP 1 & 3 Action
Plans to use program income for land banking activities for the acquisition and
redevelopment of abandoned and foreclosed properties.
A public hearing was held on June 25, 2018, and the required public comment
period expired on July 9, 2018. These plans must be submitted to HUD no later
than August 16, 2018.
Analysis
A resolution is needed to authorize the filing of the Annual Action Plan, the
substantial amendment to the 2014 ? 2017 Annual Action Plans, and NSP 1 & 3,
and applications for programs administered by the U.S. Department of Housing
and Urban Development (HUD).
Financial Considerations
The sources of federal funding and programs for FFY2018/FY 2019 are the
Community Development Block Grant (CDBG) in the amount of $2,256,354, the HOME
Investment Partnership Program (HOME) in the amount of $1,024,592, and NSP 1 &
3 program income in the amount of $550,677.
Projected Annual Fiscal Impact Statement
Legal Considerations
Council must approve the Application for funding.
Recommendations/ Actions
Approve the attached Resolution authorizing the filing of the FFY2018/FY 2019
Annual Action Plan, the applications for Entitlement funding for the Community
Development Block Grant (CDBG) and the HOME Investment Partnership Program
(HOME), and the substantial amendment to the Neighborhood Stabilization Program