Sponsor
Alderman Coe
Title
2011 Annual Housing and Community Development Plan be adopted as amended and submitted to the U.S. Department of Housing and Urban Development
Resolved, that the 2011 Annual Housing and Community Development Plan, as amended, be adopted, and that the Plan be submitted to the U.S. Department of Housing and Urban Development.
Further resolved, that the attached 2011 Housing and Community Development Outcomes and Objectives table be adopted as a framework for funding activities under the Plan.
Further resolved, that the following guidelines for applications and awards be adopted:
a) The minimum award amount be $25,000.
b) No more than 40 percent of an organization's budget be provided by the funding through the Plan.
c) All applications be typed.
Fiscal Note: An award of $2,100,000 in Community Development Block Grant (CDBG), $635,000 in HOME Housing Investment Partnerships, and $88,100 in Emergency Shelter Grant (ESG) funding is anticipated. In addition $649,500 in CDBG program income and $96,000 in HOME program income is projected.