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<br />Draft HUD Action Plan FY 2007-08 Summary <br />Business Development Committee Meeting <br />February 8, 2007 <br /> <br />I. Highlights <br />a. HUD is late this year in determining the CDBG budget due to the Congressional <br />transition in November 2006 <br /> <br />b. For FY2007-08, CDBG Funds Available projected to be $802,359 (a decline of <br />14% compared to $936,599 this year due to a smaller amount in unallocated <br />funds) <br /> <br />c. Other Impacts of Budget Cuts <br />i. Compared to this year, Public Services budget projected to decline by 11 % <br />(see Attachment A) <br />11. Recommend transfer of funding for Recreation Link to General Fund, <br />partially offset by a reallocation of CDBG funds to Davis Street Family <br />Resource Center <br /> <br />II. Proposed CDBG Budget for FY 2007-08 <br /> <br />a. Allocation by Funding Category <br /> <br />1. Public Services: $114,049 <br />. Expected to continue funding existing <br />agencies except Recreation Link <br />11. General Administration: $151,083 <br />. General Administration includes fair <br />housing services (via ECHO Housing) and <br />Continuum of Care administration <br />111. Public Facilities and Improvements: $537,227 <br />. Staff recommends continuing to target <br />funds for proposed Senior Center <br /> <br />TOTAL $802,359 <br /> <br />III. HOME Grant: projected to be $1,545,670 <br /> <br />IV. Next Steps <br />a. At March 5th Council Meeting, Council will review draft Action Plan, approve <br />30-day public comment period from March 14 to April 16, and set second public <br />hearing for April 16 to consider final approval of Action Plan for submittal to <br />HUD <br /> <br />G.. \ COMMUNITY DE VEL 0 PMENTI HO USING SERVICES DIVISION\ CDBG I Consolidated Plan 2005-09\2007-08 Action <br />Plan \ City Council Docs\Action Plan Presentation to Business Dev Comm. 2007-08.doc <br />