Submitted By
Tammie Grossman, Development Customer Services Director
Reviewed By
A.M. Zayyad
Agenda Item Title
Title
A Resolution Approving the Final Program Year 2022 Action Plan for Federal Community Development Block Grants Funds and Submitting the Plan to the United States Department of Housing and Urban Development
End
Overview
Overview
The Program Year (PY) Action Plan is part of the five-year PY 2020-2024 Consolidated Plan for Housing and Community Development ("Con Plan"), which guides decisions for allocating Community Development Block Grant ("CDBG") funds. The Village Board has released the Draft PY 2022 Draft Action Plan for a 30 day comment period, and with no comments received, can now approve the Final PY 2022 Action Plan and allow the Village Manager to submit the Plan to the U.S. Department of Housing and Urban Development
End
Recommendation
Recommendation
Approve the resolution approving the Final PY 2022 Action Plan and authorize the Village Manager to submit the Plan to the U.S. Department of Housing and Urban Development
Fiscal Impact
The Village of Oak Park is an entitlement community receiving an annual grant from the U.S. Department of Housing and Urban Development (HUD) annually. There is no fiscal impact on the General Revenue Funds.
Background
Each year, the Village must prepare an Annual Action Plan ("Action Plan") in order to receive Community Development Block Grant ("CDBG") funds from the U.S. Department of Housing and Urban Development ("HUD"). The purpose of the CDBG Program is to meet the needs of primarily low- and moderate-income persons. The Action Plan describes the funding allocations the Village is making for Program Year 2022 ("PY 2022"), which starts on October 1, 2022, in order to serve these populations.
The Village will receive $1,553,643 in CDBG funding for PY 2022, which is a 6% decrease from the $1,653,543 that we received in PY2021. For historical reference, the Village received $1,666,079 in PY2...
Click here for full text