AgdaPkt 2020-06-08 Joint SA PFA - Laserfiche WebLink

Browse Search

7.B. - Page 12 of 79 Executive Summary AP -05 Executive Summary - 24 CFR 91.200(c), 91.220(b) 1. Introduction The City of Redwood City is a San Francisco Bay Area community located in the heart of the Silicon Valley, a technology rich region extending from the San Francisco Peninsula to the foothills of the Santa Cruz mountains. The City is the third largest city in San Mateo County, accounting for approximately 34.67 square miles and is home to an estimated 86,200 people. Figure 1 is a map showing the City's boundaries. Redwood City is defined by the U.S. Department of Housing and Urban Development (HUD) as an entitlement city. As an entitlement city, the City of Redwood City receives an annual allocation of the Community Development Block Grant (CDBG) to use for housing, economic development and social services and an annual allocation of HOME Investment Partnerships Program funds to use for creation and preservation of affordable housing. The allocation for 2020 will be $761,626 of CDBG and $326,621 of HOME. To receive funding, the City of Redwood City, must complete a Consolidated Plan at least once every five years. The Consolidated Plan is an assessment of the needs in the community relating to housing, social and public services, and public infrastructure. The analysis looks at the populations most affected by the current housing stock, state of the economy and the ability to meet daily living needs. The Consolidated Plan then outlines priorities and goals to address those needs. The most recent Consolidated Plan covers fiscal years 2018 — 2022 and was approved by the City of Redwood City and HUD in May 2018. The City of Redwood City must update the Consolidated Plan through an annual Action Plan. The Action Plan outlines specific projects and funding resources that will meet the Consolidated Plan goals. At the end of each year, the City of Redwood City will write a Consolidated Annual Performance and Evaluation Report (CAPER) to report the progress towards each of the Consolidated Plan goals. These three documents enable the public, elected officials and HUD to understand the needs in the community, provide input and measure progress and investment in the community. This is the Action Plan for fiscal year 2020, the third year of the Consolidated Plan. It will cover the City of Redwood City's CDBG and HOME allocations, beginning July 1, 2020 and ending Jun 30, 2021. Annual Action Plan 2020 OMB Control No: 2506-0117 (exp. 06/30/2018) 473