title
Adopt the Recommended 2024-2025 Community Development Block Grant Annual Action Plan.
body
Staff:
Department:
Sarah Osmer Vi?as, Director
Affordable Housing and Community Connections
Emily Holt, Affordable Housing Manager
Overview: The recommended 2024-25 Community Development Block Grant (CDBG) Annual Action Plan includes funding eligible affordable housing, economic development, public services, and administration activities for use of $444,669. This includes a 2024-25 CDBG grant award of $437,331 plus $7,338 in program income. Eligible activities must serve households earning less than 80% of the area median income, or $84,700 for a family of four.
Recommendation(s):
That the Council:
1. Adopt the attached resolution approving the recommended 2024-2025 Community Development Block Grant Annual Action Plan for use of $444,669
2. Authorize the Town Manager to submit the Plan to the U.S. Department of Housing and Urban Development (HUD) as the annual update to the 2020-2024 Consolidated Plan
3. Enact the attached project ordinance to establish the CDBG budget for the 2024-2025 program
Summary of Recommended Plan
The following recommended plan reflects the final HUD-calculated CDBG grant amount that was released on May 7. The grant amount is $18,106 higher than the grant estimate included in the recommendation at the public forum on April 24, 2024.
The updated recommended plan applies the maximum 20% cap on administrative costs and the maximum 15% for public services, which allows for an increase to the recommended award to the Summer Youth Employment Program (SYEP) of $2,716. This approach is in line with feedback provided via email by the Application Review Committee to apply any additional funding received from HUD to the SYEP. The Town has received more SYEP applications for summer 2024 than it has funding to support, and the additional funding could allow the Town to increase the number of youth hired and/or raise wages or increase the numb...
Click here for full text