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<br />Consolidated plan Annual Update <br />May 3, 2004 <br />Page 2 <br /> <br />Prior to 1995, each of these programs required separate application and <br />reporting procedures. Beginning in 1995, HUD required the submission of <br />the Consolidated Plan, which is a five-year comprehensive planning <br />document and application. A Consolidated Plan Annual Update (Exhibit 1) <br />must be submitted to HUD, which describes a strategy to meet the needs of <br />the community and identifies resources and programs that can be used to <br />address them. The Annual Plan establishes a one-year investment plan <br />that outlines the intended use of resources in fiscal year 2004-2005. <br /> <br />The proposed Consolidated Plan reaffirms the established policy of <br />allocating funding in neighborhoods where programs and resources would <br />have a maximum impact. In addition, key programs will continue to be <br />operated throughout the City in order to better serve the diverse needs <br />in the community. HUD regulations require that the Consolidated plan be <br />available for a 30-day public review period prior to being finalized to <br />provide the residents of each jurisdiction the opportunity to offer <br />comments. On March 10, 2004 and March 24, 2004, notification was <br />published that the draft plan was available for review beginning March <br />II, 2004, and that the public hearing would be held on April 6, 2004. <br />On April 6, 2004, the Community Redevelopment and Housing Commission held <br />a public hearing to receive comments on the draft plan. The 30-day <br />public comment period concluded on April 9, 2004. All written comments <br />and comments received at the April 6, 2004 Public Hearing have been <br />included in the draft plan. <br /> <br />FrsCAL rMPACT <br /> <br />There is no fiscal impact associated with this action. <br /> <br /> <br />J P. Reekstin <br />E ecutive Director <br />Community Development Agency <br /> <br />JPR/TG/mlr <br /> <br />H: Acti onsl2004CaC0nPlanAnn U pda!e- 5 - 3-04 <br /> <br />190-2 <br />