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<br /> Consolidated Plan REDWOOD CITY 142 <br />OMB Control No: 2506-0117 (exp. 06/30/2018) <br />Program Specific Requirements <br />AP-90 Program Specific Requirements – 91.220(l)(1,2,4) <br />Introduction: <br />Community Development Block Grant Program (CDBG) <br />Reference 24 CFR 91.220(l)(1) <br />Projects planned with all CDBG funds expected to be available during the year are identified in the <br />Projects Table. The following identifies program income that is available for use that is included in <br />projects to be carried out. <br /> <br /> <br />1. The total amount of program income that will have been received before <br />the start of the next program year and that has not yet been reprogrammed <br /> <br />2. The amount of proceeds from section 108 loan guarantees that will be <br />used during the year to address the priority needs and specific objectives <br />identified in the grantee's strategic plan <br /> <br />3. The amount of surplus funds from urban renewal settlements <br />4. The amount of any grant funds returned to the line of credit for which the <br />planned use has not been included in a prior statement or plan. <br /> <br />5. The amount of income from float-funded activities <br />Total Program Income <br /> <br />Other CDBG Requirements <br /> <br />1. The amount of urgent need activities 100% <br /> <br /> <br /> <br />HOME Investment Partnership Program (HOME) <br />Reference 24 CFR 91.220(l)(2) <br />1. A description of other forms of investment being used beyond those identified in Section 92.205 is <br />as follows: <br />Redwood City does not use HOME funds beyond those identified in Section 92.205. <br />2. A description of the guidelines that will be used for resale or recapture of HOME funds when used <br />for homebuyer activities as required in 92.254, is as follows: <br />The City does not have a HOME funded homebuyer program. <br />3. A description of the guidelines for resale or recapture that ensures the affordability of units acquired <br />with HOME funds? See 24 CFR 92.254(a)(4) are as follows: <br />The City’s HOME funds are secured by deeds of trust recorded on the title of the properties <br />that benefit from the funds. Affordability covenants are also recorded and include all HOME <br />6.3.F. - Page 154