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5A Public Hearings 2018 0604
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5A Public Hearings 2018 0604
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5/31/2018 12:23:57 PM
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5/31/2018 12:23:55 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Agenda
Document Date (6)
6/4/2018
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Reso 2018-047
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\City Clerk\City Council\Resolutions\2018
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Annual Action Plan <br />2018 <br />17 <br />OMB Control No: 2506-0117 (exp. 06/30/2018) <br />Expected Resources <br />AP-15 Expected Resources - 91.420(b), 91.220(c)(1,2) <br />Introduction <br />The amount of federal CDBG entitlement funding significantly decreased during the 2010-2015 <br />Consolidated Plan 5-Year planning period. In the 2015-2019 Consolidated 5-Year planning period, as of <br />the 2017 program year, there had been a 5% increase since the 2015 program year. When this analysis <br />is done over a 10-year period from the 2007 program year to the 2017 program year CDBG funds have <br />decreased overall by 12% (note that these amounts have not been adjusted for the current year dollar <br />value). For the HUD program years of 2017-2018 to 2018-2019 there was an increase year-over-year of <br />8.4%. This changes the 10-year analysis to an overall decrease of CDBG fund to 5%. <br /> <br />27
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