Agda Pkt 2025.06.09 Joint SA PFA

Browse Search

Annual Action Plan 32 OMB Control No: 2506-0117 (exp. 09/30/2021) Expected Resources AP-15 Expected Resources – 91.220(c)(1,2) Introduction The City’s PY 2025 allocation amounts are $654,563 of CDBG funding and $234,678.70 of HOME funding. For CDBG, the total estimated available funding for PY is $876,245. This total is the result of adding the PY 2025 annual allocation of $654,563, expected program income of $15,000, and $206,682 in prior year resources, which includes $176,676.43 of unspent PY 2024 program income and $30,005.57 in prior year EN funds. The most flexible funding resource, CDBG dollars, can be used for housing renovation and preservation, human services and community development. For HOME, the total estimated available funding is $743,540. This total includes the PY 2025 allocation of $234,678.70 and $508,861.30 in prior year resources. The prior year resource includes $182,756.51 in unspent HOME funds, $212,304.83 from PY18 and PY21 to PY24 CHDO reallocation funds for which the CHDO requirements have been waived due to City electing to use available COVID and disaster related waivers, and $113,799.96 in program income form PY23 and PY24. HOME funds must be used specifically to address affordable housing, either through the creation of new housing, renovation of affordable housing or preservation of affordable housing. This can be in the form of rental housing or homeownership housing. On March 25, 2025, the City’s Housing and Human Concerns Committee approved the following contingency plan. • If the CDBG allocation is greater than the Program Year 2024 allocation: R Renewal funding for public service programs will remain the same as the PY 2024 allocation and within the public service spending cap of 15% of the total PY 2025 CDBG allocation and 15% PY 2024 CDBG program income. 7.A. - Page 40 of 189 244