Title
Public Hearing Authorizing Submission of the 2016-2017 Annual Action Plan Application for US Department of Housing and Urban Development (HUD) Formula Grant Funds on Behalf of the Greensboro/Guilford/Burlington/Alamance HOME Consortium And Resolution Authorizing Submission
Body
Department: Neighborhood Development
Council District: Citywide
Public Hearing: Yes
Advertising Date/By: 4/7/16/Neighborhood Development
Contact 1 and Phone: Barbara Harris, 373-2509
Contact 2 and Phone: Caitlin Bowers, 433-7266
PURPOSE: As a condition of receiving 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, Guilford, and Alamance counties by May 15, 2016 after City Council approval.
BACKGROUND: The Annual Action Plan describes how the City and HOME Consortium partners plan to meet ongoing commitments and mandates using anticipated FY 2016-2017 from the following sources:
HUD Funding for the City of Greensboro and Greensboro HOME Consortium ($4,017,595)
Community Development Block Grant (CDBG): $2,172,321 ($2,022,321 HUD funds; $150,000 estimated program income)
Emergency Solutions Grant (ESG): funding to assist homeless persons secure permanent housing: $177,096
Housing Opportunities for Persons With AIDS (HOPWA): $325,096
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: $902,773 ($782,773 in HUD funds; $120,000 in estimated program income)
Burlington: $207,924
Guilford County: $122,308
Alamance County: $110,077
Proposed Uses of HUD Funds:
Section 108 Loan Re-payment: $740,310 (mandated obligation - CDBG)
Program Administration: $464,241 ($385,964 CDBG; $78,277 HOME)
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