Explanation
The American Recovery and Reinvestment Act of 2009 appropriated $1 billion nationally, in Community Development Block Grant (CDBG) funds, to states and local governments to carry out eligible activities under the CDBG program. This grant program under Title XII is commonly referred to as the CDBG Recovery (CDBG-R) program and is administered by the U.S. Department of Housing and Urban Development (HUD).
The City of Columbus was awarded $1,728,023 of CDBG-R funds from HUD. This funding requires that the City of Columbus submit to HUD a CDBG-R application and make a substantial amendment to the city's Consolidated Plan 2008 Action Plan. The CDBG-R City of Columbus' grant application to HUD is an attachment to this legislation and describes the proposed activities and funding levels.
On May 20, 2009, the city will begin a 7 day public comment period. Citizens, public agencies and other interested parties may make public comments to the city on the CDBG-R grant application through May 27, 2009. In addition, the application will be presented at the Health, Housing and Human Services Committee hearing on May 20, 2009 where public testimony will be accepted.
HUD requires that the city submit an application no later than June 5, 2009. Emergency legislation is needed to satisfy HUD's short grant application period. This legislation authorizes the city to submit a CDBG-R application to HUD and to make a substantial amendment to the city's Consolidated Plan's 2008 Action Plan.
FISCAL IMPACT:
This CDBG-R grant application is for $1,728,023. The city anticipates using CDBG-R funds to expand economic development and housing opportunities through the Economic Development Loan Program and the Affordable Housing Opportunity Fund, where future loan repayments will generate grant program income. Matching funds are not required for this grant.
Title
To adopt the Community Development Block Grant Recovery Program; to authorize the filing of the ...
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