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7.B. - Page 70 of 79 <br />The City of Redwood City will fund projects in fiscal year 2020 that address the needs outlined in the <br />Consolidated Plan. After taking out administrative costs and fair housing, 100 percent of the funds allocated <br />in fiscal year 2020 will help low and moderate -income households directly or indirectly from neighborhood <br />infrastructure improvements. The 100 percent listed above in #2 Overall Benefit is estimated over a single -year <br />period, fiscal year 2020. <br />Annual Action Plan <br />2020 <br />OMB Control No: 2506-0117 (exp. 06/30/2018) <br />61 <br />531 <br />