TITLE
Recommendation to approve the Fiscal Year 2024 (FY 24) Action Plan for the expenditure of Community Development Block Grant (CDBG), Home Investment Partnerships Program Grant (HOME), and Emergency Solutions Grant (ESG) funds; and
Authorize City Manager, or designee, to execute all necessary documents with the United States Department of Housing and Urban Development, and other entities, to receive these funds and execute agreements necessary to implement and comply with related federal regulations. (Citywide)
DISCUSSION
The U.S. Department of Housing and Urban Development (HUD) requires the City of Long Beach (City) to develop and submit a Five-Year Consolidated Plan (Consolidated Plan) and an annual Action Plan that furthers the goals established in the Consolidated Plan for use of Community Development Block Grant (CDBG), Home Investment Partnership Grant (HOME), and Emergency Solution Grant (ESG) funds. The current Consolidated Plan was approved by the City Council and HUD in 2022 and is valid from October 1, 2022 through September 30, 2028.
As part of the entitlement submittal to HUD, the City, in conjunction with the Long Beach Community Investment Company (LBCIC), has developed the Fiscal Year (FY) 2024 Action Plan (Attachment A). The Action Plan describes the resources, programs, and activities the City will undertake in the second year of the current Consolidated Plan period to address the needs and implement the programs identified in the Consolidated Plan. The Consolidated Plan provides the parameters for developing the proposed Action Plan budget.
For the FY 24 Action Plan, Congressional appropriations for CBDG and ESG grants have decreased by four percent and the HOME allocation has increased by one percent since FY 23. For FY 24, several budgetary changes are being proposed to funded programs as a response to both the decreased total appropriation amounts as well as activity performance, rate of activity expenditure and impact toward Co...
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