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File Number: 15-202 <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 are 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 to Staff Report <br />·Attachment A - Summary of the FY 2015-2016 activities and funding amounts <br />Attachment to Resolution <br />·HUD FY 2015-2019 Five-Year Consolidated Plan and FY 2015-2016 Annual Action Plan <br />PREPARED BY: Steve Hernandez, Housing Specialist II, Community Development <br />Page 4 City of San Leandro Printed on 4/14/2015