Submitted By
Tammie Grossman, Development Customer Services Director
Reviewed By
LKS
Agenda Item Title
Title
A Resolution Approving Program Year (PY) 2021 Community Development Block Grant Funding Recommendations and Releasing the Draft PY 2021 Action Plan for Public Comment
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Overview
Overview
As part of the five-year Program Year (PY) 2020-2024 Consolidated Plan for Housing and Community Development ("Con Plan") that guides decisions for allocating Community Development Block Grant ("CDBG") funds, the Village has prepared the draft PY 2021 Action Plan, which includes proposed CDBG activities that the Community Development Citizens Advisory Committee ("CDCAC") recommended and that the Board is now being asked to approve.
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Recommendation
Recommendation
Approve the resolution authorizing the CDCAC's PY 2021 funding recommendations and release the PY 2021 Action Plan for a 30-day public comment period
Body
Staff Recommendation
Approve the resolution
Fiscal Impact
The Village is an entitlement jurisdiction that receives a direct allocation of Community Development Block Grant (CDBG) funds. For Program Year 2021 (" PY 2021"), the Village's allocation will be approximately $1,629,530, and as a result, there is no fiscal impact to the Village's General Revenue Fund. In prior years, the Village also received an allocation of funds under the Emergency Solutions Grant ("ESG") program which was primarily used to fund the activities of Housing Forward. However, due to a change in the Federal funding formula the Village was not eligible for ESG funding for Program Year 2020 ("PY2020") and is not eligible for PY 2021 funding either. The Village's allocation was added to the State allocation. The Village has certified with the state that Housing Forward is an eligible partner to receive the allocation that would have normally been distributed by the Village. As a result, Housing Forward will not lose any funding from the ESG program.
Background
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