HomeMy Public PortalAbout15.5) 8A_CDBG_PowerPoint PresentationCommunity Development Block Grant Program –Substantial Amendments to FY 2021-22
City Council Public Hearing
September 7, 2021
Unallocated CDBG Funds
•Source of unallocated funds:
Unspent funds carried over from last fiscal year
Prior loans paid back
•Totals $149,907
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FY 2021-22 CDBG Programs
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Approved budget for this fiscal year:
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Housing Rehabilitation Program
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•Typically, 20 people on the waiting list
•Current funding allows for up to 6 grants or a combination of loans and grants
•Additional funds will assist more households
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Asbestos and Lead Program
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•Required testing for the Housing Rehabilitation Program
•Funds needed depends on the scope of work
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Youth Scholarship Program
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•City’s “public service” program
•Limited to 15 percent of the annual allocation
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Recommendation
•Hold a public hearing regarding substantial amendments to the CDBG program’s FY 2021-2022 allocations
•Adopt Resolution 21-5549 approving substantial amendments to the CDBG program allocations for FY 2021-2022
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Community Development Block Grant Program –Substantial Amendments to FY 2021-22
City Council Public Hearing
September 7, 2021
Original Budget vs. Proposed Budget
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Original Budget vs. Proposed Budget
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Proposed Breakdown of Unallocated Budget
Housing Rehabilitation Program $ 120,000
Lead and Asbestos Abatement $ 24,907
Youth Scholarship Program $ 5,000
Total $ 149,907
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