TITLE
HOLD a public hearing and consider an ordinance adopting the 2016-2017 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
FY 2016-2017 Community Development Block Grant (CDBG) and Home Investments Partnerships (HOME) Program
ORIGINATING DEPARTMENT
Community Development
BACKGROUND INFORMATION
The City of Killeen will receive $907,931.00 from the U.S. Department of Housing and Urban Development (HUD) for FY 2016-2017 CDBG program activities. $29,419.53 in funds from canceled or completed CDBG projects, and prior year program income is also available for use providing a total of $937,350.53 available for FY 2016-17 CDBG activities. The City will also receive $311,289.00 from HUD for FY 2016-2017 Home Investment Partnerships (HOME) Program activities. $215,965.39 in reprogrammable prior year program income to the HOME program is also available for use providing a total of $527,254.39 for FY 2016-17 HOME activities.
Applications for funding for both the CDBG and HOME programs were submitted by the deadline date of March 28, 2016 and are detailed in the attached Community Development Advisory Committee (CDAC) meeting minutes.
DISCUSSION/CONCLUSION
The CDAC met on May 4 and May 5, 2016 to review and make recommendations for proposed use of 2016-2017 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 and Annual Action Plan to meet affordable housing and community development needs.
FISCAL IMPACT
HUD regulations allow for 20% of CDBG and 10% of HOME funds to be expended on administration/planning of CDBG and HOME activities. All project costs under the CDBG and HOME Program will be reimbursed to the City by the ...
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