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5C Public Hearings 2017 0501
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5C Public Hearings 2017 0501
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4/25/2017 4:18:50 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Agenda
Document Date (6)
5/1/2017
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Annual Action Plan <br />2017 <br />21 <br />OMB Control No: 2506‐0117 (exp. 07/31/2015) <br />Program Specific Requirements <br />AP‐90 Program Specific Requirements ‐ 91.420, 91.220(l)(1,2,4) <br />Introduction <br />The program‐specific requirements governed by the Community Development Block Grant Program <br />(CDBG) and HOME Investment Partnership Program (HOME) are described below. <br />Community Development Block Grant Program (CDBG) <br />Reference 24 CFR 91.220(l)(1) <br />Projects planned with all CDBG funds expected to be available during the year are identified in the Projects <br />Table. The following identifies program income that is available for use that is included in projects to be <br />carried out. <br /> <br /> <br />1. The total amount of program income that will have been received before the start of the <br />next program year and that has not yet been reprogrammed $0 <br />2. The amount of proceeds from section 108 loan guarantees that will be used during the year <br />to address the priority needs and specific objectives identified in the grantee's strategic plan. $0 <br />3. The amount of surplus funds from urban renewal settlements $0 <br />4. The amount of any grant funds returned to the line of credit for which the planned use has <br />not been included in a prior statement or plan $0 <br />5. The amount of income from float‐funded activities $0 <br />Total Program Income: $0 <br /> <br />Other CDBG Requirements <br /> <br />1. The amount of urgent need activities $0 <br />2. The estimated percentage of CDBG funds that will be used for activities that benefit <br />persons of low and moderate income.Overall Benefit ‐ A consecutive period of one, two or <br />three years may be used to determine that a minimum overall benefit of 70% of CDBG funds <br />is used to benefit persons of low and moderate income. Specify the years covered that <br />include this Annual Action Plan. 100.00% <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />102
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