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

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 decent housing, suitable living environments & economic opportunities HOME: Grant used for increasing the quality of low- income housing stock

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

Guidelines • Meet HUD national objectives • Meet Consolidated Plan goals & objectives • > 70% Low- to Moderate Income Benefit • Follow Council policy on funding capital projects for nonprofits; not operating expenses

CDBG Funds: 19-Year Comparison $1,600,000 $1,500,000 $1,400,000 $1,300,000 $1,200,000 $1,100,000 $1,000,000 $1,559,000 $1,464,000 $900,000 $1,179,667 $800,000 $700,000 $835,457 $821,588 $600,000 $500,000 1996 2003 2010 2014 2015

CDBG Revenue Sources $835,457 CDBG Entitlement $84,266 Reprogrammed Funds $919,723 T OTAL R EVENUE

CDBG Expenditures Indirect Sect 108 Debt $77,020 $117,250 Administration $90,080 Medical/ Dental $75,000 Housing Admin City Link $919,723 $154,900 $50,300 APSP PMCM $15,000 $11,675 Noah $19,998 Critical Repair $150,000 CCC $8,500 Jeanette St $150,000

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

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

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

CDBG Non-Public Service General Administration and Planning Subject to HUD 20% Administration Cap • Planning and Development Services Administration $90,080 • Indirect $77,020

HOME Revenue Sources HOME Entitlement $321,525 Reprogrammed Funds $489,270 Program Income $20,000 T OTAL R EVENUE $830,795

HOME Funds: 19-Year Comparison $650,000 $600,000 $550,000 $500,000 $450,000 $400,000 $615,770 $591,000 $350,000 $300,000 $480,000 $250,000 $369,868 $321,525 $200,000 $150,000 1996 2003 2010 2014 2015

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

HOME Expenditures Single Family Rehab/Recon $698,410 First Time Homebuyer $830,795 $50,000 Housing Project Admin $8,825 HOME Admin $25,330 CHDO $48,230

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