ACTION REQUESTED:
Title
Communication from the City Manager and Community Development Director with a Request for the Following:
A. APPROVE a Substantial AMENDMENT to the 2020-2024 CONSOLIDATE PLAN for Submittal to the Department of Housing and Urban Development (HUD);
B. APPROVE the REALLOCATION of Prior Year CDBG Funds; and
C. ADOPT an ORDINANCE Amending the City of Peoria 2020-2021 BIENNIAL BUDGET Relating to the CDBG Fund to Recognize Additional Funding Received from the Department of Housing and Urban Development to Prevent, Prepare for, or Respond to COVID-19 to be Used for a Small Business Assistance Program, Rental Assistance Program, Homeless Services, Public Service Funding and Administrative Cost, in the Amount of $1,622,883.00, and the Reallocation of CDBG Funds in the Small Business Assistance Program, in the Amount of $678,585.00.
Body
BACKGROUND:
A. Approval of Substantial Amendment to the 2020-2024 Consolidated Plan
As communicated to City Council on April 14 and April 28, the City of Peoria is receiving additional Community Development Block Grant (CDBG) and Emergency Solutions Grant (ESG) funds from the Department of Housing and Urban Development (HUD) to prevent, prepare for, or respond to COVID-19.
To receive these funds, the City must submit a substantial amendment to the 2020-2024 HUD Consolidated Plan and include these funds as other federal resources. All these federal funds must be spent on eligible activities according to each funding source.
COVID Grant
Award Amount
CDBG-CV
$ 1,087,562
ESG-CV
$ 535,321
In addition, the City can reallocate prior year funds to the COVID response programs including the small business assistance program, rental assistance program, and additional public service funding through the substantial amendment. The attached plan relocates prior year and 2020 funds and allocates the additional COVID funds to these programs.
* Over $1 million in CDBG funds is allocated to the small business as...
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