Title
Public Hearing on Amending Community Development Block Grant (CDBG) Funding - Program Year (PY) 2016
Recommended Action
Committee Recommendation
The General Government Committee recommended the proposed amendments at its Feb. 3 meeting and forwarded their recommendation to Council.
City Manager Recommendation:
Hold a public hearing on the proposed amendments to the PY 2016 CDBG Annual Action Plan as part of the 30-day public comment period.
Report
Issue:
Whether to hear public comments on the proposed amendments to Program Year (PY) 2016 CDBG Action Plan to include an additional $315,000 from unexpended CDBG funds for new activities that will ensure CDBG funds are spent down in a timely manner?
Staff Contact:
Anna Schlecht, Community Service Programs Manager, Community Planning & Development Department, 360.753.8183
Presenter(s):
Anna Schlecht, Community Service Programs Manager
Leonard Bauer, Community Development Department Deputy Director
Background and Analysis:
Overview:
On February 7, 2017 the Council accepted the proposed amendments (Attached) as recommended by the General Government Committee from their February 3, 2017 meeting. Tonight, Council will hear public comments during a public hearing as part of a 30-day public comment period as required by our CDBG Citizen Participation Plan.
Source of CDBG Funds: The City has approximately $210,000 from past CDBG program years that has not been expended as quickly as anticipated. Of this amount, $149,000 comes from a PY 2014 activity - the NDC's Technical Assistance contract to support the Grow Olympia Fund (GOF). This funding has not been expended because it only becomes eligible when a GOF loan is fully executed. An additional $60,100 comes from unexpended prior year program income. In addition, the City continues to receive program income from past housing rehabilitation loans in excess of projections. Staff now estimates an additional $105,000 of additional program income could b...
Click here for full text