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New Business   Item #:
City Council Regular Meeting
Fiscal Year 2018-19 Community Development Programs
Kenneth C. Gillie, Jr.
First Reading: 12/04/2018
Final Adoption: 12/20/2018
The City of Danville is a participating jurisdiction under the U.S. Department of Housing and Urban Development (HUD). Under this designation, the City receives Community Development Block Grant (CDBG) and HOME Investments Partnership Program (HOME) funds annually. The City has received its funding agreement from HUD in the amount of $1,286,284.00 and needs to appropriate the money to be used for housing related programs.
In June, City Council approved a new Fiscal Year 2018-2019 Annual Action Plan, specifying projects and activities that will be funded in the fiscal year. A large majority of the CDBG funds have historically been used for neighborhood revitalization efforts and it is proposed to continue focusing on this effort in the 2018-2019 Plan. In addition, there is a public service category which can be funded with up to 15% of the annual allocation. It provides funding to assist non-profit organizations to carry out programs that benefit low- to moderate-income individuals and/or households.
The City has received the program agreement from HUD for a total budget of $1,286,284.00 for Fiscal Year 2018-2019, comprised of $865,416 CDBG funds, $270,868 HOME funds, and $150,000 estimated program income generated from loan repayments and the sale of houses currently under City's lease-to-purchase program.
It is recommended that City Council adopt the attached Budget Appropriation Ordinance appropriating $1,286,284 from HUD for FY 2018-19 for use in Housing related programs.
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