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EUGENE CITY COUNCIL <br />AGENDA ITEM SUMMARY <br /> <br /> Approval of 2005-06 Funding Allocations for Federal <br /> Community Development Block Grant, HOME Investment Partnerships, and <br /> American Dream Downpayment Initiative Programs <br /> <br />Meeting Date: May 9, 2005 Agenda Item Number: 2E <br />Department: Planning and Development Staff Contact: Linda Dawson <br />www. cl. eugene, or. us Contact Telephone Number: 682-5071 <br /> <br />ISSUE STATEMENT <br />The City Council is asked to approve the use of funds in three Federal programs funded by the <br />Department of Housing and Urban Development (HUD). In 2005-06, Eugene will receive $1,579,152 <br />plus $1,075,000 in program income from the Community Development Block Grant (CDBG), <br />$1,085,759 through the HOME Investment Partnerships Program (HOME), and $38,154 in American <br />Dream Downpayment Initiative (ADDI) funds. <br /> <br />BACKGROUND <br />Annually in the spring, the City Council approves funding allocations for Federal HUD grant programs <br />for the upcoming fiscal year starting on July 1. The City has received CDBG funds since 1975. HOME <br />funding has been received by the Eugene-Springfield Consortium since 1992, with Eugene receiving <br />70% of the funds and serving as the lead agency. Last year, the Eugene-Springfield Consortium began <br />receiving funding through the ADDI Program. The annual funding allocations, called One-Year Action <br />Plans, are prepared in the context of the five-year HUD Consolidated Plan. Next fiscal year will be the <br />first year in the new Consolidated Plan 2005. The CDBG Advisory Committee advises the Planning and <br />Development Department on the use of CDBG funds. The Housing Policy Board (HPB) advises the <br />City Council on the use of HOME and ADDI funds. <br /> <br />RELATED CITY POLICIES <br />This allocation plan is based on the Consolidated Plan 2005 which guides the use of Federal CDBG, <br />HOME, and ADDI funds through 2010. In order to allocate funds to specific programs or projects, <br />HUD regulations require a citizen participation process, including advertising and conducting a public <br />hearing, followed by City Council action. <br /> <br />COUNCIL OPTIONS <br />Communi~. Development Block Grant <br />The CDBG Advisory Committee conducted a public hearing on April 19, 2005, and recommends the <br />following use of CDBG funds for 2005-06. The allocation includes $1,579,152 in new gram funds, <br /> <br /> L:\CMO\2005 Council Agendas\M050509\S0505092E.doc <br /> <br /> <br />