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Approve Amending the 2022-2023 Community Development Block Grant Program Plan.
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Staff:
Department:
Sarah Osmer Vi?as, Director
Affordable Housing and Community Connections
Nate Broman-Fulks, Assistant Director
Megan Culp, Community Development Program Manager
Overview: Staff recommends a proposed amendment to the 2022-23 Community Development Block Grant (CDBG) program plan approved by the Council on June 8, 2022. After the plan was approved, the Town received an additional $39,147 in program income from a down payment assistance loan payoff, giving the Town a total of $715,483 for eligible activities. The proposed amendment would allocate the $39,147 increase to the Neighborhood Revitalization activity.
Recommendation(s):
That the Council:
1. Adopt the attached resolution approving the amended 2022-2023 Community Development Program Plan for use of $715,483, including $473,719 in 2022-2023 grant funds and program income, and $241,764 in prior years' grant funds being reprogrammed;
2. Authorize the Town Manager to submit the amended plan to the U.S. Department of Housing and Urban Development (HUD) as part of the annual update to the 2020-2024 Consolidated Plan; and
3. Enact the attached project ordinance to amend the CDBG budget for the 2022-2023 program income.
Summary of Proposed CDBG Program Amendment
* Staff propose amending the 2022-2023 CDBG Program to increase funding allocated to the Neighborhood Revitalization affordable housing activity by $39,147.
o The 2022-2023 CDBG Program plan developed by the CDBG Application Review Committee recommended allocating any remaining balance of CDBG funding to Neighborhood Revitalization after other outside agency applications and Town programs were funded.
o The Neighborhood Revitalization activity provides a flexible source of funding not assigned to a specific activity at this time and allows us to be responsive to projects identified throughout the program year that serve lower income hou...
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