TITLE
HOLD a public hearing and consider an ordinance authorizing the 2015-2019 Consolidated Strategic Plan submission and the 2015-2016 Annual Action Plan describing use of funds and authorizing application for and allocation of Community Development Block Grant (CDBG) and Home Investment Partnerships (HOME) program funds. (Second of Two Public Hearings)
SUMMARY
AGENDA ITEM
2015-2019 Consolidated Strategic Plan and FY 2015-2016 Community Development Block Grant (CDBG) and Home Investments Partnerships (HOME) Program Annual Action Plan
ORIGINATING DEPARTMENT
Community Development
BACKGROUND INFORMATION
The Consolidated Strategic Plan is a multi-year document required from jurisdictions participating in U.S. Department of Housing and Urban Development (HUD) grant programs, stating the City's plan to develop successful urban communities through goals established to expand access to affordable housing, foster suitable living environments, and expand economic opportunities, principally for low-and moderate-income residents. The annual action plan describes how funding will be utilized during that program year to address priorities established in the Consolidated Strategic Plan.
The City of Killeen will receive $932,745 from the U.S. Department of Housing and Urban Development (HUD) for FY 2015-2016 CDBG program activities. Also available for use is $49,023.05 in funds from canceled or completed CDBG projects and prior year program income, providing a total of $981,768.05 for FY 2015-16 CDBG activities. The City will also receive $301,726 from HUD for FY 2015-2016 Home Investment Partnerships (HOME) Program activities. Also available for use is $156,816.19 in reprogrammable funds and prior year program income to the HOME program, providing a total of $458,542.19 for FY 2015-16 HOME activities.
Applications for funding for both the CDBG and HOME programs were submitted by the deadline date of April 2, 2015, and are detailed in the atta...
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