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8A Page 2 . The Housing & Human Concerns Committee approved a final Action Plan April 6, 2006. . The Planning Commission reviewed the capital projects in the Action Plan on April 4, 2006 and concurred that the activities conform to the City's General Plan. . The City must submit the Second Annual Action Plan to HUD no later than May 15, 2006. Consolidated Plan The Consolidated Plan is a federal prerequisite for receiving various sources of entitlement funding from the U.S. Department of Housing and Urban Development. The term of the City's Consolidated Plan is the period from July 1, 2005 to June 30, 2010. The Plan is made up of three components: (1) Market & Needs Analysis, (2) Five Year Strategic Plan, and (3) a One- Year Action Plan. The Consolidated Plan identifies priorities the City adopted to use over the five years to meet affordable housing goals and to improve the quality of life for residents who are low income and have special needs. These priorities target federal funds for public facilities and improvements, affordable housing, and social and economic development programs. Please see Performance Outcomes-S Year Consolidated Plan Goals (Attachment 2). The Second Annual Action Plan (Attachment 3) identifies activities to be funded during FY 2006/07 to address priorities adopted by Council. These activities further advance the goals of the Consolidated Plan, including reducing the number of people living below the poverty level, The Action Plan is comprised of an Executive Summary which identifies all sources of funding, specific activities recommended for funding, and certain required narrative regarding the location of activities to be funded. The Annual Action Plan is made up of funding recommendations made by the Housing and Human Concerns Committee from Community Development Block Grant funds, HOME Investment Partnership funds, Human Services Financial Assistance funds, and a proposed reprogramming of prior year funds. The Committee recommended that HOME funds be allocated according to the statute that allows 10% of the entitlement to be reserved for administration, 15% must be setaside fOf use by a Community Housing Development Organization (CHDO), and the remaining 75% allocated to affordable housing activities. The Human Service Financial Assistance recommendations will be brought to you in a separate report tonight for action as part of the City's budget review process. Othef Funds 1. General Funds: Council has authorized the HHCC to recommend an allocation of $80,000 per year to Shelter Network for the Redwood Family House Transitional housing facility. This budget amount may be a combination of CDSG funds and/or General funds, The Committee is recommending $40,000 each from CDSG and the General Fund for 2006/07. 2. Reprogramming of Prior Year Funds: The City is required by HUD to meet a Timely Expenditure schedule that mandates that the City can have no more than 1 .5 times its annual entitlement as of May 1 each year. In 2000, the Council adopted a Timely Expenditure Plan that would allow projects that were "Ready to go" to be allocated the oldest money in order to consistently meet this requirement without losing any entitlement funding. The Committee is recommending that the Cedar Street Acquisition proJect, which is II Ready to go", be allowed to proceed using prior year funding allocated to projects that have not been able to expend funds. I:REDEVELOPMENT/2006 STAFF REPORTS/04.2006lActlon PIa'! Adoption 2 -