Five-Year Consolidated Plan & One-Year Plan 2015-16 for the - - PowerPoint PPT Presentation

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Five-Year Consolidated Plan & One-Year Plan 2015-16 for the - - PowerPoint PPT Presentation

Aug 19, 2023 121 likes •290 views

Five-Year Consolidated Plan & One-Year Plan 2015-16 for the Community D Development Block G Grant HOME Inv Investment nt P Partne nershi hips ps Grant nt July 23, 2015 What are CDBG & HOME CDBG: Grant used for expanding

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Five-Year Consolidated Plan & One-Year Plan 2015-16 for the Community D Development Block G Grant HOME Inv Investment nt P Partne nershi hips ps Grant nt

July 23, 2015

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SLIDE 2

What are CDBG & HOME

CDBG: Grant used for expanding decent housing, suitable living environments & economic

  • pportunities

HOME: Grant used for increasing the quality of low- income housing stock

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SLIDE 3

One-Year Action Plan 2015 – 2016 July 23, 2015

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Guidelines

  • Meet HUD national objectives
  • Meet Consolidated Plan goals &
  • bjectives
  • > 70% Low- to Moderate Income Benefit
  • Follow Council policy on funding capital

projects for nonprofits; not operating expenses

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CDBG Funds: 19-Year Comparison

$1,559,000 $1,464,000 $1,179,667 $821,588 $835,457

$500,000 $600,000 $700,000 $800,000 $900,000 $1,000,000 $1,100,000 $1,200,000 $1,300,000 $1,400,000 $1,500,000 $1,600,000

1996 2003 2010 2014 2015

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CDBG Entitlement Reprogrammed Funds TOTAL REVENUE

CDBG Revenue Sources

$835,457 $84,266 $919,723

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CDBG Expenditures

$919,723

Administration $90,080 Indirect $77,020 Sect 108 Debt $117,250 Medical/ Dental $75,000 City Link $50,300 APSP $15,000 Critical Repair $150,000 Jeanette St $150,000 CCC $8,500 Noah $19,998 PMCM $11,675 Housing Admin $154,900

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CDBG Expenditures:

Public Service

  • Subject to HUD 15% Public Services cap
  • Access to Jobs

$50,300

  • Medical/Dental

$75,000 Total Public Services $125,300

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CDBG Non-Public Service Housing/Homelessness Projects

  • Critical/Limited Repair

$150,000

  • Housing Administration

$154,900

  • Noah Project

$19,998

  • Adult Protective Services

$15,000

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CDBG Non-Public Service Community/Economic Development

  • Section 108 Debt

Repayment/Reserve $117,250

  • Connecting Caring Communities

$8,500

  • Capital Imp-LMI Jeanette Sidewalk $150,000
  • Capital Imp-Presby Med Mission $11,675
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CDBG Non-Public Service General Administration and Planning

Subject to HUD 20% Administration Cap

  • Planning and Development

Services Administration $90,080

  • Indirect

$77,020

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HOME Entitlement $321,525 Reprogrammed Funds $489,270 Program Income $20,000 TOTAL REVENUE $830,795

HOME Revenue Sources

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HOME Funds: 19-Year Comparison

$480,000 $591,000 $615,770 $369,868 $321,525

$150,000 $200,000 $250,000 $300,000 $350,000 $400,000 $450,000 $500,000 $550,000 $600,000 $650,000

1996 2003 2010 2014 2015

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HOME Expenditures

  • Single-Family Rehab/Recon

$698,410

  • Housing Rehab Project Admin

$8,825

  • Neighborhood Initiatives Admin

$25,330

  • First Time Home Buyer

$50,000

  • Community Housing Development

Organization (CHDO) $48,230 Total $830,795

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HOME Expenditures

Single Family Rehab/Recon $698,410 CHDO $48,230 HOME Admin $25,330 Housing Project Admin $8,825 First Time Homebuyer $50,000

$830,795

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Question & Answer