AgdaPkt 2019-04-22 Joint SA PFA - Laserfiche WebLink

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8.A. - Page 8 of 64 Executive Summary AP -05 Executive Summary - 24 CFR 91.200(c), 91.220(b) Introduction As a condition of receiving federal funds from the Department of Housing and Urban Development (HUD) the City must prepare, adopt and submit a five Consolidated Plan (Plan) to HUD. The Plan is a strategic policy document that identifies priorities and strategies for meeting the needs of low-income community members. The process for preparing the Plan involves assessing the needs of the community with stakeholders and establishing priorities and strategies for the use of the federal funding resources. The Plan consists of three major components: a Community Needs Assessment; the five or three year Priority Needs and Strategies; and an Annual Action Plan that identifies the programs and activities to be funded with Community Development Block Grant (CDBG) and Home Investment Partnership Program (HOME) funds each year of the five year plan. The City is required to follow a Community Participation process to develop the Annual Action Plan. The process adopted by Council involves holding a number of public meetings and publishing the proposed use of funds for citizen comment before the City Council gives final approval on the use of the funds. 2. Summarize the objectives and outcomes identified in the Plan This could be a restatement of items or a table listed elsewhere in the plan or a reference to another location. It may also contain any essential items from the housing and homeless needs assessment, the housing market analysis or the strategic plan. A key component of the Consolidated Plan is the preparation of an Annual Action Plan. In Redwood City, the Annual Action Plan constitutes funding recommendations made by the Housing and Human Concerns Committee (HHCC) for approval by Council each year to implement the five-year strategy. The funding recommendations include amounts and specific programs and activities to be funded from each annual entitlement of CDBG and HOME funds the City will receive during the five-year term. The HHCC is recommending an Annual Action Plan for fiscal year 2019-2020 that proposes funding for programs and activities to be carried out during the second year of the Plan. The total amount of funding is based on the City's entitlement from CDBG and HOME, as well as expected program income received from the City's Home Improvement Loan Program's revolving loan fund. Other state and local funds will be used to leverage these funds to address the priority needs of the Annual Action Plan. The Annual Action Plan identifies all sources of funding, specific activities recommended for funding, and information regarding the location of activities to be funded. Annual Action Plan 2019 OMB Control No: 2506-0117 (exp. 06/30/2018) 136