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<br /> Annual Action Plan <br />2026 <br />29 <br />OMB Control No: 2506-0117 (exp. 09/30/2021) <br />Anticipated Resources <br />Program Source <br />of <br />Funds <br />Uses of Funds Expected Amount Available Year 4 Expected <br />Amount <br />Available <br />Remainder of <br />ConPlan <br />$ <br />Narrative Description <br />Annual <br />Allocation: <br />$ <br />Program <br />Income: $ <br />Prior Year <br />Resources: $ <br />Total: <br />$ <br />CDBG public <br />- <br />federal <br />Acquisition <br />Admin and <br />Planning <br />Economic <br />Development <br />Housing <br />Public <br />Improvements <br />Public <br />Services 643,540.00 15,000.00 $119,099.00 $777,639.00 643,540.00 <br />Funding will be used for <br />the public services, <br />economic development, <br />infrastructure <br />development, affordable <br />housing projects for low <br />to moderate income <br />households, removal of <br />unsafe structures, and <br />administration/planning. <br />Table 5 - Expected Resources – Priority Table <br /> <br />Explain how federal funds will leverage those additional resources (private, state and local funds), including a description of how <br />matching requirements will be satisfied <br />The City receives direct entitlement grants for Federal CDBG Program funds that are used to address identified needs. The City has provided <br />rehabilitation loans to low income homeowners and new construction or acquisition/rehabilitation loans to developers. Program income from <br />these loan repayments augment the CDBG and HOME grants. The City is required to match 25% of its HOME funds and has sufficient carryover <br />of HOME matching funds from prior year HOME projects to satisfy all HOME match requirements during this planning period and will continue to <br />oversee projects utilizing 2025 funds. <br />CDBG subrecipients will be leveraging around $7 million in other financial resources from private, state and local resources. The City will utilize <br />other financial resources from private, state and local resources. As an example, the City also provides $150,000 from the General Fund annually <br />ATTY/RESO.0019/CC RESO 2026 ANNUAL ACTION PLAN (CDBG) - EXHIBIT A <br />REV: 05-01-26 LF <br /> <br />Page 29 of 107