ACTION REQUESTED:
Title
Communication from the City Manager and the Community Development Director with a Request to APPROVE the 2015 ANNUAL ACTION PLAN for Submittal to the Department of Housing and Urban Development (HUD) with a Total Grant Allocation of $2,176,499.
Body
BACKGROUND:
As a recipient of funds from the Department of Housing and Urban Development (HUD), the City is required to develop an Annual Action Plan that provides a summary of the activities and resources that will be used to address goals of the City's 2014-2018 Consolidated Plan.
The development of the Plan was the result of an extensive citizen participation and consultation process involving city residents, commissions, neighborhood associations, community agencies, City staff, and others interested in housing, non-housing, and community development needs of the City. The City held advertised public hearings, community meetings, and attended various agency meetings including City Commissions, the Peoria Housing Authority, and the Heart of Illinois Homeless Continuum of Care.
On January 27, 2015, City Council approved a draft budget based on the anticipated allocation from HUD for Community Development Block Grant (CDBG) funds, HOME Investment Partnership Grant funds, and Emergency Solutions Grant (ESG) funds. Upon Council approval of the proposed 2015 budget, staff began drafting the 2015 Annual Action Plan.
In February 2015, HUD announced the City's 2015 grant allocation with approximately a 2% decrease in CDBG funding, a 5% decrease in HOME funding, and an 8% increase in ESG funding. The final 2015 Annual Action Plan cannot be submitted to HUD until the City's 2015 annual grant allocations are announced.
Entitlement Grant
2015 Award Amount
Difference between 2014 and 2015 Award Amount
CDBG
$1,555,133
Decrease of $ 54,768
HOME
$ 480,361
Increase of $ 17,397
ESG
$ 141,005
Increase of $ 25,019
After analyzing the 2015 grant award amounts, City staff adjus...
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