3B Public Hearing 2010 0419 - Laserfiche WebLink

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FY 2010-2014 HUD Five-Year Consolidated Plan 3 FY 2010-2011 Annual Action Plan April 19, 2010 3. Funding for General Administration increased from $124,729 to $136,419 as a result of the increased CDBG entitlement grant amount. 4. For Public Facilities and Improvements, the increased CDBG entitlement grant of $785,872 resulted in an additional $48,394 funds. Staff recommends funding for the Alameda Childcare Center Tenant Improvement project be increased from $77,000 to $100,000. Also, staff recommends the Section 108 Loan Repayment amount be increased from $95,828 to $121,222. The loan repayment schedule has not been forwarded to the City because the City's loan application for the Senior Center construction is still pending HUD approval. 5. The City's HOME allocation amount for FY 2010-2011 is $345,247 which is a 4.3% increase from last year's HOME allocation of $330,314. The City's total HOME funds for FY 2010-2011 increased to $685,848. 6. City staff has proposed adding tenant-based rental assistance (TBRA) as an eligible HOME-funded activity. The City has historically only utilized HOME funds to acquire, rehabilitate, finance, and/or construct affordable rental housing. This new activity provides the City with more flexibility in providing housing opportunities for low- and moderate-income persons. Current City Council Policy Current Council Policy is defined by the FY 2005-2009 Consolidated Plan adopted by Resolution No. 2005-046 on April 18, 2005. Upon Council approval, the FY 2010-2014 HUD Five-Year Consolidated Plan replaces the FY 2005-2009 Plan. Previous City Council Action(s) A public hearing was held on March 15, 2010, to consider the proposed FY 2010-2014 HUD Five-Year Consolidated Plan and the proposed FY 2010-2011 Annual Action Plan, receive public comments, start the 30-day public comment period for both Plans, and set a second public hearing date for April 19, 2010 to consider public comments and adopt both Plans. City Council Committee Review and Action Business and Housing Development Committee received the Draft FY 2010-2014 HUD Five-Year Consolidated Plan and Draft FY 2010-2011 Annual Action Plan on April 8, 2010. Applicable General Plan Policy The Consolidated Plan addresses the goals of the Housing Element of the General Plan, such as increasing the supply of affordable for-sale and rental housing, and providing opportunities for home ownership, preserving and rehabilitating existing affordable owner-occupied and rental housing, and addressing special needs populations. Permits and/or Variances Granted N/A