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05/04/2015 8.A. - Page 9 This Consolidated Plan was prepared using the "eCon Planning Suite" system developed by HUD. The system prescribes the structure and contents of this document, following the federal CDBG, HOME and Consolidated Planning regulations. A companion document to this Consolidated Plan is the Analysis of Impediments (Al) to Fair Housing Choice. The Al also contains detailed data and analyses regarding the demographic and housing market conditions in the City. This Consolidated Plan incorporates the larger Al by reference, and provides specific Fair Housing Action Plan items. Summary of Needs The City has a range of housing and community development needs. As shown in the City's Housing Element and other documents, housing and community development needs for lower- income households are often dire, with families struggling to make ends meet. Among the many factors that impact the level of community development needs include the following: • Economic recession • Unemployment • Mortgage defaults, foreclosures • Median rents increasing faster than man families can afford • Loss of Redevelopment Agencies, meaning substantially less available funding for a community's housing, economic development, and infrastructure needs • Reduction in federal funds • Projected local job growth — while many new jobs will be created over the next five to ten years, a significant portion of those will earn a worker just minimum wage Based on a broad outreach effort to assess community concerns, the highest priority for funding are virtually the same as for the last Consolidated Plan. They include: • Creating and preserving affordable housing • Providing public services • Improving public facilities • Creating more jobs for lower-income residents • New: adding loan programs for small business, technical assistance to lower-income individuals Five Year Priorities CDBG and HOME funds alone are not adequate to address the myriad of needs identified during the public outreach process as summarized in the Needs Assessment of this Consolidated Plan. Recognizing the national objectives of the CDBG and HOME programs and their specific program regulations, the City intends to use federal funds to coordinate programs, services, and projects to create a decent and suitable living environment to benefit low- and moderate- income households and those with special needs. The priorities for the 2015-2020 Consolidated Plan established in consultation with residents and community groups will be prioritized in the following order: Page 2 of 6 2 RESO. 15407 MUFF # 304