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7.B. - Page 33 of 79 <br />Expected Resources <br />AP -15 Expected Resources — 91.220(c)(1,2) <br />Introduction <br />The 2020 Action Plan covers the period from July 1, 2020 through June 30, 2021 and addresses resources to be received by the City of Redwood City <br />from HUD. In this Action Plan period, the City will receive $761,626 in CDBG funds and $326,621 of HOME funds. In addition to those allocations, <br />the City expects to utilize $40,000 of CDBG program income and $805,000 of prior year CDBG funding and $653,537 of prior year HOME funding <br />that was not utilized by previous projects. The City has struggled to spend funding in the 2019 program year and will reallocate large amounts of <br />funding into large capital projects in 2020. <br />Annual Action Plan <br />2020 <br />OMB Control No: 2506-0117 (exp. 06/30/2018) <br />24 <br />494 <br />