Title
Resolution Authorizing Submission of the Annual Action Plan Application for Community Development Block Grant (CDBG) Program Funds and the Conduct Of CDBG Program Activities for the 2014-2015 Fiscal Year
Body
Department: Neighborhood Development
Council District:
Public Hearing: Yes
Advertising Date/By: April 15, 2014/ Caitlin Warren
Contact 1 and Phone: Barbara Harris 373-2509
Contact 2 and Phone: Caitlin Warren 433-7266
PURPOSE:
As a condition of receiving Fiscal Year 14/15 federal Housing and Urban Development (HUD) formula grants funds, the City of Greensboro must submit an application (the Annual Action Plan) on behalf of Greensboro and HOME Program Consortium member jurisdictions Burlington and Guilford and Alamance counties by May 15, 2014 after City Council approval.
BACKGROUND:
Separate City Council approval actions are required for each federal program covered by the Annual Plan. The activities covered by this resolution are highlighted below. The Annual Plan application describes how the City and HOME Consortium partners plan to meet ongoing commitments and mandates using anticipated FY 14/15 awards from the following sources:
HUD Funding for the City of Greensboro ($3,263,450)
Community Development Block Grant (CDBG): $2,146,926 ($1,986,926: new funds; $160,000: program income)
Emergency Solutions Grant (ESG): funding to assist homeless persons secure permanent housing: $164,178
Housing Opportunities for Persons With AIDS (HOPWA): $316,966
Home Investment Partnership Program (HOME) - The City of Greensboro is the administrative agent for HOME Investment Partnership Program funds for the City of Burlington and Alamance and Guilford counties:
Greensboro: $980,749 ($804,992 in new funds; $175,757 in program income and reprogrammed funds)
Burlington: $180,222
Guilford Co.: $108,133
Alamance Co.: $108,133
Proposed Uses of HUD Funds:
108 Loan Re-payment: $598,715 (mandated obligation...
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