AgdaPkt 2011-05-02 - Laserfiche WebLink

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7.A. - Page 6 EXECUTIVE SUMMARY ANNUAL ACTION PLAN 2011 -2012 Funding Recommendations by Priority COMMUNITY OBJECTIVES & PRIORITY STRATEGIES The City of Redwood City's 2011 -2012 Annual Action Plan demonstrates a relationship between the 2010 -2015 Consolidated Plan priorities and activities selected for funding during the second year of the Plan. The major theme of the Consolidated Plan is "Housing production and basic human needs ". The proposed activities to be undertaken with CDBG and HOME funds reflect the City's strategy to target funds to programs that integrate a continuum of activities ranging from homeless assistance to economic development and the preservation and development of permanent housing. The target group to be assisted is households with incomes at or below 80% of median income for San Mateo County. All activities proposed to be funded will meet one or more of the City's Consolidated Plan priorities. The City has identified a number of programs that will be delivered under each Priority. PROPOSED USE OF FUNDS Funding recommendations for CDBG were based on statutory allowances of 20% for Administration, Planning and Fair Housing, 15% for Public Services, 15% for Non - Housing Community Development and Economic Development, and 50% for affordable housing activities. Funding recommendations for HOME were based on the statutory allowance of 10% for Administration, 5% to be set -aside for use by a Community Housing Development Organization (CHDO), and 75% for affordable housing activities. The City of Redwood City, in partnership with non - profit organizations and County agencies, will undertake numerous programs and activities to meet the five identified priorities of the Consolidated Plan and Annual Action Plan during Fiscal Year 2011- 2012. The timeline for completion of these projects and programs and use of funds is June 30, 2012.