ACTION REQUESTED:
Title
Communication from the City Manager and Director of Community Development with a Request for the Following:
A. APPROVE the 2018 ANNUAL ACTION PLAN for Submittal to the Department of Housing and Urban Development (HUD), with a Total 2018 Grant Allocation of $2,570,003;
B. APPROVE the REALLOCATION of Prior Year Funds to projects outlined in the 2018 Annual Action Plan;
C. APPROVE the REALLOCATION of CDBG and HOME PROGRAM INCOME; and,
D. ADOPT an ORDINANCE Amending the City of Peoria 2018-2019 BIENNIAL BUDGET Relating to the CDBG FUND and HOME FUND to RECOGNIZE the INCREASE in GRANT Funding and the Corresponding Expenditures in the amount of $394,044; and the TRANSFER of CDBG PROGRAM INCOME to the CAPITAL FUND in the Amount of $15,467.
Body
BACKGROUND:
A. Approval of 2018 Annual Action Plan
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 the goals of the City's 2014-2019 HUD Consolidated Plan.
In May 2018, HUD announced the City's 2018 grant allocation with approximately an 11% increase in CDBG funding, a 42% increase in HOME funding, and a 2% increase in ESG funding.
Entitlement Grant
2018 Award Amount
Difference from 2017
CDBG
$1,715,087
Increase of $164,352
HOME
$715,855
Increase of $209,983
ESG
$139,601
Increase of $2,186
After analyzing the 2018 grant award amounts, current programming, requested programming, and remaining fund balances, City staff developed a proposed budget and the 2018 Annual Action Plan. A budget sheet that outlines the planned activities is attached along with a full copy of the Annual Action Plan.
The 2018 budget includes both CDBG and HOME funding for a new competitive grant program. In an effort to produce strong, measurable and visible results, City staff have been encouraged by HUD to invest in high impact projects. This...
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