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File Number: 17-150 <br />website at <http://www.sanleandro.org/depts/cd/housing/plans.asp> for a 30-day comment <br />period from April 6th - May 5th 2017. The second public hearing will be held May 1, 2017, at <br />which time the City Council will consider approving the final Plan. <br />Fiscal Impacts <br />HUD will enter into contract with the City for the annual CDBG entitlement grant amount once <br />HUD has finalized it. The grant is on a reimbursement basis; this means funds are <br />reimbursed by HUD after expenditure by the City for activities designated in the Annual Action <br />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 2017-2018 proposed activities and funding amounts <br />·Attachment B--Draft FY 2017-2018 Annual Action Plan (for CDBG and HOME Funds) <br />PREPARED BY: Steve Hernandez, Housing Specialist II, Community Development <br />Department <br />Page 5 City of San Leandro Printed on 3/28/2017 <br />37