ACTION REQUESTED:
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Communication from the City Manager and Community Development Director with a Request to Approve the Revised 2014-2018 HUD CONSOLIDATED PLAN and 2014 ANNUAL ACTION PLAN for Submittal to the Department of Housing and Urban Development (HUD), with a Total 2014 Grant Request of $2,215,827.00.
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BACKGROUND: As a recipient of HUD funds (Community Development Block Grant, HOME Investment Partnership and Emergency Solutions Grant), the City of Peoria is required to develop a multi-year Consolidated Plan and corresponding Annual Action Plan that indicates the priorities for the investment of these funds. The purpose of the Plan is to develop viable communities by creating decent housing, a suitable living environment and expanded economic opportunities for primarily low to moderate income individuals, households and neighborhoods.
On October 22, 2013, City Council approved the 2014-2018 Consolidated Plan and 2014 Annual Action Plan using estimated budget allocation amounts. Historically, HUD has allowed grantees to submit their Consolidated Plan and Annual Action Plan using anticipatory grant amounts from previous year grant awards. In December 2013, HUD issued national guidance for all grantees to delay sending their 2014 Annual Action Plan, and applicable Consolidated Plan, until final 2014 grant allocation amounts were announced by HUD. Upon receipt of this guidance, the City had already submitted the Consolidated Plan and Annual Action Plan (regulatory deadline for plan submission was November 2013). Therefore, following the new guidance, HUD denied the City's Consolidated Plan and Annual Action Plan since the 2014 final grant allocation amounts were not included.
In March 2014, HUD released the 2014 grant allocation amounts; see below for the applicable grant awards for the City:
Entitlement Grant
2014 Award
2014 vs. 2013 Grant Awards
CDBG
$1,581,903
Decrease of approx. 2% (-$27,998)
HOME
$503,138
Increase of ...
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