Item 29 - Fiscal Year 2024-25 Annual Action Plan and Budgets for CDBG, HOME, and ESG Programs

Home Browse Search

FY 2024-25 Annual Action Plan and Budgets for CDBG, HOME and ESG Programs May 7, 2024 Page 3 4 2 1 2 The various projects and programs covered under the FY 2024-25 Annual Action Plan are designed to serve low-income residents. The FY 2024-25 Annual Action Plan includes the program budgets described in detail below for the CDBG, HOME, and ESG programs respectively. Community Development Block Grant Program Budget The Community Development Block Grant (CDBG) program provides funds to improve low and moderate-income neighborhoods, eliminate blight, and create a more stable economic base. These funds may be used for a diverse range of programs, including affordable housing, street improvements, park and public facilities improvements, economic development, code enforcement, and public services. The City’s anticipated CDBG allocation for FY 2024-25, is $4,808,057 plus $223,848 in program income and $425,915 re-allocation of prior years’ CDBG funds for a total of $5,457,820. The proposed FY 2024-25 CDBG Program Funding Plan consists of the CDC funding recommendations for nonprofit public service programs and staff’s funding recommendations from this year for administration and planning, code enforcement, city capital improvements, and housing. The CDBG Program Funding Plan can be summarized in two general categories: 1) Capital Projects/CDBG Program Funding Plan; and 2) Public Services. A summary of the process and allocation for the FY 2024-25 CDBG Program is provided below for both general categories. Capital Projects/CDBG Program Funding Plan The FY 2024-25 CDBG Program Funding Plan includes the funding allocations for administration and planning, code enforcement in low and moderate-income areas of the city to address health and safety violations, economic development to provide small business grants, nonprofit public services, city capital improvement projects, and single- family rehabilitation grants (Exhibit 2). The CDBG allowable cap of 20% for administration and fair housing services is estimated to be $961,611 for FY 2024-25. Administration is necessary for staffing, compliance, reporting, fiscal management, studies, and monitoring of the entire program. Fair housing is necessary due to CDBG requirements that the City affirmatively further fair housing. Six new city capital improvement projects are recommended for funding for a total of $2,350,000, which includes the following: 1) $1,000,000 for Logan/Chepas Park construction 2) $300,000 Rehabilitation of Parking Facilities 3) $400,000 Sidewalk Improvements 4) $100,000 Cool Pavement Treatment (Angels Park) 5) $100,000 Cool Pavement Treatment (El Salvador Park) 6) $450,000 Outdoor Library at Jerome Park – Pedestrian Walking Trails