TO: Board of Supervisors
FROM: Planning and Building Services
MEETING DATE: June 21, 2016
DEPARTMENT CONTACT:
Steve Dunnicliff
PHONE:
234-6650
DEPARTMENT CONTACT:
Jon Moore
PHONE:
234-6677
ITEM TYPE: Noticed Public Hearing
TIME ALLOCATED FOR ITEM: 1 Hour
AGENDA TITLE:
title
Noticed Public Hearing - Discussion and Possible Adoption of Resolution to Allocate On-hand Community Development Block Grant (CDBG) Program Income and Authorization to Submit Appropriate Documentation to the California Department of Housing and Community Development (HCD) to Implement the Allocation
End
RECOMMENDED ACTION/MOTION:
recommendation
Adopt Resolution approving a prioritized list of projects to be funded with CDBG Program Income, authorize staff to submit the appropriate documentation to HCD to implement the allocation; and authorize Chair to sign same.
End
PREVIOUS BOARD/BOARD COMMITTEE ACTIONS:
On March 27, 2012, the Board of Supervisors authorized the submittal of an application for the 2012 Community Development Block Grant (CDBG) funding to HCD; on January 23, 2013, HCD approved the application. On March 17, 2015, the Board approved the County's Program Income Reuse Agreement. On June 16, 2015, the Board expressed interest in providing funding to the Sun House project, and on September 22, 2015, allocated CDBG Program Income funding to the Sun House project. On November 3, 2015, the Board approved Resolution 15-162 allocating/reallocating 2012 CDBG funding and on-hand program income.
SUMMARY OF REQUEST:
Recent HCD rule changes, relative to CDBG Program Income, requires jurisdictions to either place the program income in a revolving loan fund (limited to housing or business assistance) or allocate the program income to eligible activities. Absent either of these actions, the program income must be used to fund existing CDBG activities in lieu of program draws. The current CDBG Program Income is derived from amortized business loan payments...
Click here for full text