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File Number: 15-130 <br />both Plans. <br />Fiscal Impacts <br />HUD will enter into contract with the City for the annual CDBG entitlement grant amount. The <br />grant is on a reimbursement basis; this means funds would be reimbursed by HUD after <br />expenditure by the City for activities designated in the Annual Action Plan. <br />Budget Authority <br />Budget authority for CDBG funds is derived from Title I of the Housing and Community <br />Development Act of 1974 (24 CFR 570 et seq.). Budget Authority for HOME funds is derived <br />from the Federal Home Investment Partnerships (HOME) Program (under Title II of the <br />Cranston-Gonzalez National Affordable Housing Act, as amended). <br />ATTACHMENTS <br />·Attachment A - Summary of the FY 2015-2016 proposed activities and funding amounts <br />·Attachment B - Summary of Responses to Priority Needs Survey <br />PREPARED BY: Steve Hernandez, Housing Specialist II, Community Development <br />Page 7 City of San Leandro Printed on 3/11/2015