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Item 5: 2011/12 Funding Allocation for Federal CDBG and HOME Programs
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Item 5: 2011/12 Funding Allocation for Federal CDBG and HOME Programs
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4/22/2011 11:32:17 AM
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City Council
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Agenda Item Summary
CMO_Meeting_Date
4/25/2011
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ATTACHMENT A – CDBG Sources and Recommended Uses Table and Summary Descriptions <br /> <br />SOURCES OF FUNDS <br />AMOUNT <br />NEW CDBG ENTITLEMENT GRANT <br />$ 1,258,600 <br />CDBG PROGRAM INCOME <br />Business Development Fund$ 1,100,000 <br />Housing Rehabilitation Fund$ 400,000 <br />TOTAL <br />$ 2,758,600 <br />RECOMMENDED USES OF NEW <br />CDBG ENTITLEMENT GRANT <br />AMOUNT <br />AFFORDABLE HOUSING <br />Landbanking$ 428,600 <br />Housing Rehabilitation Loan Fund$ - <br />PUBLIC SERVICES <br />Social Service Agencies (HSC)$ 350,000 <br />Non-Profit Capital Improvements$ - <br />PUBLIC ACCESSIBILITY IMPROVEMENTS <br />Curb Ramps$ - <br />Audible Pedestrian Signals$ - <br />ECONOMIC DEVELOPMENT <br />Business Loan Progam$ - <br />Microenterprise Training Program$ 30,000 <br />ADMINISTRATION <br />$ 450,000 <br />TOTAL <br />$ 1,258,600 <br />RECOMMENDED USES OF PROGRAM INCOME <br />AMOUNT <br />Business Development Fund$ 1,100,000 <br />Housing Rehabilitation Fund$ 400,000 <br />TOTAL <br />$ 1,500,000 <br /> <br />\\Cesrv500\cc support\CMO\2011 Council Agendas\M110425\S1104255 - and att's A,B and C.doc <br /> <br />
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