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7.A. - Page 11 of 38 <br />Redwood City — Proposed Amendment to the 2019 Action Plan <br />The City of Redwood City wishes to amend its program year 2019 Action Plan to reallocate unspent funding from 2019 and to allocate $448,039 in <br />Community Development Block Grant Coronavirus (CDBG-CV) funding received from the Coronavirus Aid, Relief, and Economic Security Act or <br />the CARES Act in order to respond to coronavirus (COVID-19) impacts in the community. As such the following changes shall be made: <br />1: Expected Resources <br />Original Plan: <br />Program <br />Source <br />Uses of Funds <br />Expected Amount Available Year 2 <br />Expected <br />Narrative Description <br />of <br />Amount <br />Annual <br />Program <br />Prior Year <br />Total: <br />Funds <br />Allocation: <br />Income: <br />Resources: <br />$ <br />Available <br />$ <br />$ <br />$ <br />Remainder of <br />ConPlan $ <br />Acquisition <br />Funding will be used for the <br />Admin and Planning <br />public services, infrastructure <br />CDBG <br />public - <br />Economic Development <br />718,936 <br />200,000 <br />200,000 <br />1,118,936 <br />2 700 000 <br />development and supporting <br />federal <br />Housinghousing <br />development for <br />Public Improvements <br />extremely low-income <br />Public Services <br />households. <br />Acquisition <br />Homebuyer assistance <br />Homeowner rehab <br />Expect and estimated $275,000 <br />public - <br />Multifamily rental new <br />of HOME program funds for <br />HOME <br />federal <br />construction <br />312,535 <br />0 <br />0 <br />312,535 <br />825,000 <br />years 3 through 5 of the Con <br />Multifamily rental rehab <br />Plan. <br />New construction for <br />ownership <br />TBRA <br />1 <br />39 <br />