Submitted By
Ahmad M. Zayyad Deputy Village Manager/Interim Neighborhood Services Director
Reviewed By
Erin E. Baynes, Assistant to the Village Manager
Agenda Item Title
Title
A Motion to Concur with the Community Development Citizen Advisory Commission (CDCAC) Community Development Block Grant (CDBG) Funding Recommendations for Program Year (PY) 2024
End
Overview
Overview
As part of the five-year PY 2020-2024 Consolidated Action Plan for Housing and Community Development ("Con Plan") that guides decisions for allocating CDBG funds, the Village has prepared the draft PY24 CDBG funding recommendations, which includes proposed activities as recommended by the CDCAC and in need of approval by the Village Board.
End
Recommendation
Recommendation
Adopt the Motion.
Background
Each year, the Village of Oak Park receives an allocation of CDBG funds from the U.S. Department of Housing and Urban Development (HUD). The Village will receive $1,581,724 in Program Year (PY) 2024, a 1% increase from the $1,539,187.00 in Program Year (PY) 2023 funding. As in PY2022 and PY2023, the Village will not receive any CDBG Emergency Solutions Grant (ESG) monies in PY2024.
The purpose of the CDBG program is to meet the needs of primarily low -and moderate-income persons. This funding recommendation from the CDCAC is for PY 2024, which operates from October 1, 2024-September 30, 2025.
The CDCAC reviewed PY 2024 applications, held three public meetings, including two meetings of applicant presentations, and now recommends to the Village Board specific funding allocations for non-profit entities that will carry out CDBG Public Services, Public Facility Improvement, and Administration. HUD limits public service funds to a 15% cap of the annual allocation, allotting $237,258 available in PY24, and administration funds to a 20% cap of the annual allocation, allotting an available amount of $316,344. Administration funds also cover expenses for CDBG staff and overhead costs t...
Click here for full text