TITLE
Recommendation to approve the Fiscal Year 2007 - 2008 Action Plan for the Use of Community Development Block Grant, Home Investment Partnership Grant, American Dream Downpayment Initiative and Emergency Shelter Grant Funds. (Citywide)
DISCUSSION
The U.S. Department of Housing and Urban Development (HUD) requires the City to develop and submit a five-year Consolidated Plan and an annual Action Plan for use of Community Development Block Grant (CDBG), Home Investment Partnership Grant (HOME), American Dream Downpayment Initiative (ADDI) and Emergency Shelter Grant (ESG) funds. On July 12, 2005, the City Council approved a Consolidated Plan for the period of October 1, 2005 through September 30, 2010. The City Council must review and approve an Action Plan annually that describes how HUD funds will be used to support programs and services, which principally benefit low and moderate-income residents, consistent with the five-year Consolidated Plan. HUD funding included in the FY 2007 - 2008 Action Plan includes the following:
FY 2007 - 2008 Action Plan Budget
Available Funds CDBG ESG HOME ADDI TOTAL
New Entitlement $8,982,348 $386,042 $4,814,159 $64,018 $14,246,567 Prior Years Funds $1,626,724 $0 $5.264.480 $367,855 $7,259,059 Program Income $1,000,000 $0 $680,879 $0 $1,680,879
Budget Totals $11,609,072 $386,042 $10,759,518 $431,873 $23,186,505
The attached FY 2007 - 2008 Action Plan describes, in detail, the proposed programs and services to be funded during the period of October 1, 2007 - September 30, 2008.
On June 20, 2007, the Community Development Advisory Commission (Commission) conducted a Public Hearing to solicit public comment on the FY 2007 - 2008 Action Plan. Notices regarding the Public Hearing and the availability of the draft Action Plan were published in the Press Telegram, Downtown Gazette, Grunion Gazette, the Long Beach Times, the Angkor Borei (Cambodian Language) and EI Economico (Spanish Language). All of the public comments...
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