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2014 -2015 Annual Action <br />Plan Substantial Amendments <br />March 3, 2015 <br />Page 2 <br />for the operation of the Santa Ana WORK Center. Staff has identified that funding for this project <br />is available through unallocated CDBG funds from the prior year. <br />Neighborhood sponsored capital improvement projects have a current balance of $56,771 <br />remaining from a CDBG FY 2009 -2010 allocation. These funds will be utilized to undertake <br />neighborhood driven capital improvements for the revitalization of deteriorated or deteriorating <br />CDBG eligible areas. Staff recommends including this project in the Substantial Amendment to <br />recognize it in the current year Action Plan for HUD reporting purposes. <br />The HOME New Construction program will allocate $380,000 of HOME funds to undertake new <br />construction of rental housing. These HOME funds will be utilized to fund a rental project located <br />at 815 N. Harbor Boulevard (Exhibit 1) and will allow the City to meet its required commitment <br />deadline of HOME funds by July 2015. <br />Since the projects described above were not identified in the 2014 -2015 Annual Action Plan, staff <br />drafted a Substantial Amendment to the Plan (Exhibit 2) to reallocate and recognize funding for <br />these projects. Legal notice for this CDBG and HOME substantial amendment was published in <br />the Orange County Register, La Opinion and Nguoi Viet News on December 28, 2014. <br />STRATEGIC PLAN ALIGNMENT <br />Approval of this item supports the City's efforts to meet Goal #5, (Community Health, Livability, <br />Engagement and Sustainability). <br />FISCAL IMPACT <br />There is no fiscal impact associated with this action. <br />Kelly ReenrV ' U <br />Executive ector <br />Community Development Agency <br />KR/SS /sv /sb <br />Exhibit: 1. 815 N. Harbor Location Map <br />2. 2014 -2015 Annual Action Plan Substantial Amendment Draft <br />29A -2 <br />