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local housing projects and allows Eugene to expend HOME funds in a timely manner. Program <br /> income totaling $500,000 is estimated for fiscal year 2005-06, primarily from the HACSA Turtle <br /> Creek Project. <br /> <br /> · CHDO Operating Funds - The 5% allowed for CHDOs is allocated at the consortium level. <br /> Eugene's contribution is 70% of the total $77,554. CHDO operating funds will be split equally <br /> between the four active CHDOs: Metropolitan Affordable Housing Corporation, Neighborhood <br /> Economic Development Corporation, St. Vincent dePaul, and Mainstream Housing, Inc. <br /> <br /> · Administration - $108,576 in HOME funds will be used for administrative expenses to operate <br /> the program. The Federal grant management system automatically budgets 10% of the grant <br /> amount for administration. <br /> <br />CITY MANAGER'S RECOMMENDATION <br />The City Manager recommends approval of the One-Year Action Plan for use of Federal CDBG, <br />HOME, and ADDI funds in 2005-06. <br /> <br />SUGGESTED MOTION <br />Move to approve the One-Year Action Plan for use of Federal CDBG, HOME, and ADDI funds in <br />2005-06. <br /> <br />ATTACHMENTS <br />A. Summary of CDBG Allocations <br />B. Summary of HOME/ADDI Allocations <br />C. List of CDBG-AC and HPB Committee Members <br /> <br />FOR MORE INFORMATION <br />Staff Contact: Linda Dawson <br />Telephone: 682-5071 <br />Staff E-Mail: linda.l.dawson~ci.eugene.or.us <br /> <br /> L:\CMO\2005 Council Agendas\M050509\S0505092E.doc <br /> <br /> <br />