File #: 21-0526    Version:
Type: public hearing Status: Filed
File created: 5/14/2021 In control: City Council
Agenda date: 6/8/2021 Final action: 6/8/2021
Title: Public Hearing to Consider Allocation of Program Year 2021 Community Development Block Grant Funds and Creation of Revolving Loan Fund
Attachments: 1. HUD PY2021 Award Letter-Revised, 2. Budget Spreadsheet

Title

Public Hearing to Consider Allocation of Program Year 2021 Community Development Block Grant Funds and Creation of Revolving Loan Fund

 

Recommended Action

Committee Recommendation:

General Government Committee heard plans for the PY 2021 allocation at their May 26th, 2021, meeting and approve these recommendations.

 

City Manager Recommendation:

Hold public hearing for new Community Development Block Grant (CDBG) Funds for Program Year 2021 (PY 2021) and the recently added CDBG Coronavirus (CDBG-CV2) grant funds.

 

Report

Issue:

Whether to hold public hearing for CDBG PY2021 allocation.

 

Staff Contact:

Darian Lightfoot, CDBG Program Manager 360.280.8951

 

Presenter(s):

Darian Lightfoot, CDBG Program Manager

 

Background and Analysis:

The City of Olympia will receive a PY 2021 Community Development Block Grant allocation of $391,548. Staff has created a proposal to allocate PY 2021 funds to the below sub grantees in an effort to address economic development and improved affordable housing.

 

Proposed uses for these funds are as follows:

1.                     Northwest Coop Development Center to provide technical assistance, business planning, and support to low/mod income residents.

2.                     Rebuilding Together Thurston County to provide critical home repair to low-income homeowners.

3.                     Homes First to provide roof repair and energy efficiency support to low-income renters.

4.                     Housing Authority of Thurston County to provide rental rehab to low-income renters.

5.                     Downtown Ambassador Program to support the downtown.

 

Staff is also recommending the City reinstate the Rental Rehabilitation and Single-Family Rehabilitation Programs in the form of a Revolving Loan Fund. Approximately $6M in outstanding rehabilitation loans will feed into this fund and offer new rehabilitations loans to low-income residents to complete health and safety renovations to their homes.

 

Approval of the CDBG Annual Action Plan require a 30-day public comment period. That period began on May 20, 2021 and will end on June 20, 2021.  General Government Committee advanced this recommendation on May 26, 2021. Staff plans to bring final recommendations to the City Council at their June 22, 2021 consent meeting, after incorporating all public comments, to adopt the plan.

 

Neighborhood/Community Interests:

CDBG funds can be spent to meet the needs of low to moderate income individuals throughout the community.

 

Options:

1.                     Move to recommend for approval staff recommendations for allocation of PY 2021 and the recently added CDBG Coronavirus (CDBG-CV2) grant funds.

2.                     Provide staff with feedback and provide alternative direction.

3.                     Take other action.

 

Financial Impact:

There is approximately $484,584 available for allocation from the Department of Housing and Urban Development. Staff provided a detailed recommendation at the May 26, 2021, General Government Committee meeting.

 

Attachments:

HUD PY21 Award Letter-Revised

Budget Spreadsheet