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Public Forum: Use of 2024-2025 Community Development Block Grant Funds.
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Staff:
Department:
Sarah Osmer Vi?as, Director
Affordable Housing and Community Connections
Emily Holt, Affordable Housing Manager
Overview: The Council will open the second public forum for the Community Development Block Grant (CDBG) Program to receive comments from the public about the recommended annual program plan. The Council held an initial public forum on November 15, 2023. The Council will be asked to approve a recommended annual program plan in June.
Recommendation(s):
That the Council receive comments on the use of federal Community Development Block Grant (CDBG) program funding and the recommended 2024-2025 CDBG Program Plan.
Key Issues
* The Town's estimated FY24-25 CDBG allocation is $419,225. The final Housing and Urban Development (HUD)-calculated CDBG grant award will be announced by June.
* The recommended CDBG Program Plan also includes $7,338 in program income from an annual repayment of a loan made in 2008 to support development of the Dobbins Hill Low-Income Housing Tax Credit development.
* Eligible activities must serve households earning less than 80 percent of the Area Median Income (AMI), or $80,900 for a household of four.
* We included notice of tonight's forum and the ongoing opportunity to provide feedback on the plan in the Herald Sun on March 29, April 10, April 17, and April 22, 2024; in the Town's email newsletter; in the Town's Affordable Housing and Community Connections Newsletter; on the Town's social media; and directly to our affordable housing and community development partners.
* Town staff assembled a funding recommendation and shared it to the CDBG Application Review Committee on March 22, 2024 for consideration. All members indicated support for the proposed plan.
* The annual Community Development Program Plan, submitted to HUD, will include all comments received in writing and at public forums.
* All proposed projects meet...
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