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FY 2017 -2018 Annual Action Plan <br />April 18, 2017 <br />Page 2 <br />2020 was submitted to HUD. As part of this planning process, the City is required to submit an <br />Annual Action Plan to achieve the goals in the Five -Year Consolidated Plan. This document <br />establishes a one -year investment plan that outlines the intended use of resources in the <br />forthcoming fiscal year. The proposed Annual Action Plan covers Fiscal Year (FY) 2017 — 2018 <br />and seeks to allocate funding in neighborhoods where programs and resources will have the <br />maximum impact. <br />During FY 2017 - 2018, the City anticipates receiving the following estimates of formula grant <br />allocations: <br />CDBG <br />$5,127,000 <br />HOME <br />$1,104,000 <br />ESG <br />$474,000 <br />HUD regulations require that the draft Annual Action Plan be made available for a 30 -day public <br />review and comment period. On March 19, 2017, a public notice was published in the Orange <br />County Register that the draft plan was available for review beginning March 19, 2017, and that a <br />public hearing would be held on April 5, 2017. It was also noticed in La Opinion in Spanish and <br />Nguoi Viet in Vietnamese. The 30 -day public comment period will conclude on April 18, 2017. In <br />accordance with the federal regulations, all neighboring jurisdictions were also informed that the <br />draft plan was available for review. All comments received, including all funding <br />recommendations made by the City Council on April 18, 2017, will be included in the final <br />document, which is due to HUD no later than May 15, 2017. Should the 2017 - 2018 formula <br />grant awards not be provided to the City by HUD, the submission of this document may be <br />postponed. <br />STRATEGIC PLAN ALIGNMENT <br />Approval of this item allows the City to meet Goal #5 - Community Health, Livability, Engagement <br />& Sustainability, Objective #1 (Establish a comprehensive community engagement initiative to <br />expand access to information and create opportunities for stakeholders to play an active role in <br />discussing public policy and setting priorities). <br />FISCAL IMPACT <br />There is no fiscal impart associated with this action. <br />Rob &rf C. Cori:e(z - <br />Deputy City Manager <br />Community�elopment Agency <br />Exhibit: 1. FY 2017 -2018 Annual Action Plan <br />21A-2 <br />