Title
Resolution Amending the Submission of the 2021-2022 Annual Action Plan Application for $5,207,144 US Department of Housing and Urban Development Entitlement Funds
Body
Council Priority: Ensure Fiscal Stewardship, Transparency, & Accountability
Department: Neighborhood Development
Council District: All
Public Hearing: No
Advertising Date/By:
Contact 1 and Phone: Stan Wilson, 336-373-2509
Contact 2 and Phone: Caitlin Bowers, 336-433-7266
PURPOSE:
City Council consideration is requested for a resolution amending the FY 2021-22 Annual Action Plan Application for US Department of Housing and Urban Development (HUD) Entitlement Funds.
BACKGROUND:
On May 4, 2021, City Council approved the acceptance and application for the FY 2021-22 entitlement funds awarded to the City from the U.S. Department of Housing and Urban Development (HUD) based on published formula allocations. On May 14, 2021, HUD informed the city that since issuing the original allocations, the FY 2021 CDBG allocations were revised. As such, the revision resulted in a $34,031 increase in the allocation for Greensboro, which revises the total federal award amount from $5,173,113 to $5,207,144.
HUD Funding for the City of Greensboro and Greensboro HOME Consortium ($5,207,144)
Community Development Block Grant (CDBG): $2,459,267
Emergency Solutions Grant (ESG): funding to assist homeless persons secure permanent housing: $192,761
Housing Opportunities for Persons With AIDS (HOPWA): $599,557
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: $1,258,490
Burlington: $263,299
Guilford County: $156,025
Alamance County: $143,714
Proposed Uses of HUD Funds and Estimated Program Income:
Section 108 Loan Re-payment: $445,479 (principal, interest, and prepayment - CDBG)
Program Administration: $5...
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