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7.A. - Page 13 of 101 Executive Summary AP -05 Executive Summary - 24 CFR 91.200(c), 91.220(b) 1. Introduction The City of Redwood City (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 85,600 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 receives an annual allocation of Community Development Block Grant (CDBG) funds to use for housing, economic development and social services and an annual allocation of HOME Investment Partnerships Program (HOME) funds to use for creation and preservation of affordable housing. The allocation for program year 2021 is $769,420 for CDBG and $329,864 for HOME. To receive this funding, the 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 and HUD in May 2018. The 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 prepares 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 2021, the fourth year of the Consolidated Plan. It will cover the City's CDBG and HOME allocations, beginning July 1, 2021 and ending Jun 30, 2022. Annual Action Plan 2021 OMB Control No: 2506-0117 (exp. 06/30/2018) 420