Title
Approval of the Draft Program Year 2015 Community Development Block Grant Action Plan
Recommended Action
City Manager Recommendation:
Move to approve the draft Program Year 2015 (PY2105) Community Development Block Grant (CDBG) Annual Action Plan and direct staff to submit the approved document to HUD.
Report
Issue:
Should the City Council submit the draft PY 2015 CDBG Annual Action Plan?
Staff Contact:
Anna Schlecht, Housing Program Manager, 360.753.8183
Leonard Bauer, CPD Deputy Director, Community Planning & Development, 360.753.8206
Presenter(s):
Anna Schlecht, Housing Program Manager
Background and Analysis:
The City of Olympia receives federal CDBG funds from the Department of Housing and Urban Development (HUD). According to the HUD website, the CDBG Program provides federal funds to "develop viable communities by providing decent housing, a suitable living environment and opportunities to expand economic opportunities, principally for low- and moderate-income persons." The City maintains a five-year consolidated plan that outlines the strategic priorities for CDBG grant funding.
Each year, the City re-evaluates the plan to ensure that it addresses the needs of the community, and adopts its Annual Action Plan for that year. The PY2015 CDBG Action Plan will cover the period of September 1, 2015 - August 31, 2016.
The City has identified the following strategies, in priority order, for both the five-year Consolidated Plan and the Action Plan for Program Year 2015:
1. Economic Development - PRIORITY GOAL
2. Housing Rehabilitation
3. Land Acquisition
4. Public Facilities and Improvements
5. Public Services.
Action Plan Funding Availability:
Following is the breakdown of sources of Community Development Block Grant funds:
$338,265 Annual Entitlement Grants:
$120,000 Program Income (estimated receipts from housing loan repayments)
$458,265 Total CDBG Funding available for the PY 201...
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