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File #: ID 20-0440    Version: 1 Name:
Type: Resolution Status: Passed
File created: 6/2/2020 In control: City Council
On agenda: 7/21/2020 Final action: 7/21/2020
Title: Public Hearing for a Resolution Authorizing Submission of the Annual Action Plan Application for $2,410,258 Community Development Block Grant (CDBG) Program Funds and the Conduct of CDBG Program Activities for the 2020-2021 Fiscal Year
Attachments: 1. 20-0440 RES 20-21 CDBG.pdf
Title
Public Hearing for a Resolution Authorizing Submission of the Annual Action Plan Application for $2,410,258 Community Development Block Grant (CDBG) Program Funds and the Conduct of CDBG Program Activities for the 2020-2021 Fiscal Year

Body
Council Priority: Ensure Fiscal Stewardship, Transparency, and Accountability

Department: Neighborhood Development
Council District: All

Public Hearing: Yes
Advertising Date/By: July 7, 2020/Neighborhood Development

Contact 1 and Phone: Stan Wilson, 373-2509
Contact 2 and Phone: Lamont Taylor, 373-2538

PURPOSE:
As a condition of receiving federal Housing and Urban Development (HUD) formula grants funds, the City of Greensboro must submit a Consolidated Plan every five (5) years and an application (the Annual Action Plan) on behalf of Greensboro and HOME Program Consortium member jurisdictions Burlington, Guilford, and Alamance counties by August 1, 2020 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 the anticipated FY 2020-2021 awards.

CDBG Funding for the City of Greensboro ($2,410,258)
$2,260,258 HUD funds; $150,000 estimated program income

Proposed Uses of CDBG Funds:
Section 108 Loan Re-payment: $444,365 (principal, interest, and prepayment)
Program Administration: $452,052
Fair Housing Activities: $18,500
Citywide Housing Rehabilitation: $585,341
Redevelopment Area Activities: $80,000
Neighborhood Reinvestment: $100,000
Infrastructure Redevelopment: $350,000
Public Facilities Improvements: $60,000
Emergency Shelter: $120,000
Homelessness Prevention: $200,000

BUDGET IMPACT:
$2,260,258 in new federal HUD grant funds and an estimated $150,000 in program income will be available to address affordable housing, economic development, and community revitalization needs in Greensboro.

RECOMMENDATION / ACTION REQUESTED:
Request that Council conduct a public hearing to receive comment ...

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