TITLE
HOLD a public hearing and consider an ordinance adopting the FY 2014-2015 Annual Action Plan for the Community Development Block Grant (CDBG) and Home Investment Partnerships (HOME) program. (2nd of 2 Public Hearings)
SUMMARY
AGENDA ITEM
FY 2014-2015 Community Development Block Grant (CDBG) and Home Investment Partnerships (HOME) Program
ORIGINATING DEPARTMENT
Community Services Community Development
BACKGROUND INFORMATION
The City of Killeen will receive $984,406 from the U.S. Department of Housing and Urban Development (HUD) for FY 2014-2015 CDBG program activities. $48,358.25 in funds from completed CDBG projects and prior year program income is also available for use providing a total of $1,032,764.25 available for FY 2014-2015 CDBG activities. The City will also receive $327,980 from HUD for FY 2014-2015 Home Investment Partnerships (HOME) Program activities and $96,633.47 in reprogrammable funds and program income is also available for use providing a total of $424,613.47 for FY 2014-2015 HOME activities. Applications for funding for both the CDBG and HOME Programs were submitted by the deadline date of April 4, 2014 and are described and detailed in the attached Community Development Advisory Committee (CDAC) meeting minutes.
Established priorities listed in the 2010-2014 Consolidated Strategic Plan, as amended were considered and adhered to during the funding allocation and recommendation process; the FY 2014-2015 Annual Action Plan describes how funding will be used during the program year to address the priority needs of the community.
DISCUSSION/CONCLUSION
The CDAC met on April 29 and April 30, 2014 to review and make recommendations for proposed use of the FY 2014-2015 CDBG and HOME Program funds on the basis of eligibility, need, and priority. Projects undertaken with CDBG and HOME Program funds address goals and objectives established in the Consolidated Strategic Plan, as amended and Annual Action Plan to meet affordable housing and community development needs.
FISCAL IMPACT
HUD regulations allow 20% of CDBG and 10% of HOME funds to be used for administration/planning of CDBG and HOME activities.
RECOMMENDATION
Following the first public hearing on June 10, 2014, recommend approval of the proposed FY 2014-2015 Annual Action Plan and the publishing of the proposed Plan to solicit citizen comments and participation. Recommend approval of the final Plan with revision, as appropriate, based on citizen comments to be reviewed during the second public hearing on June 24, 2014.