Title
Consider a resolution adopting the Community Development Block Grant (CDBG) Budget for the 2013-2014 Program Year.
Body
The Community Development Block Grant Program (CDBG) was developed in 1974 and works to ensure decent affordable housing and to provide services to the most vulnerable in our communities. CDBG is an important tool for helping tackle serious challenges facing our community. To be eligible for CDBG funding, activities must meet one of the three national objectives of the program which are 1) benefit low to moderate income persons 2) prevention of slums or blight 3) meet an urgent need.
The City is required to adopt an Annual Action Plan for the City of Round Rock's Community Development Block Grant Program (CDBG). The City of Round Rock has been awarded $514,534 in CDBG funds for Program Year 2013-2014 (October 1, 2013 - September 30, 2014).
Consider an ordinance adopting the Community Development Block Grant (CDBG) budget for Program Year 2013-2014. The 2013-2014 Program Year is the Fifth Year of the Five Year Consolidated Plan (2009-2013). These funds will be used for the Community Development Block Grant activities approved in the Fifth Program Year Action Plan that was adopted at the July 25, 2013 City Council meeting by Resolution R-13-7-25-F8.
The following programs will be funded in fiscal year 2013-2014:
Public Services 77,180 (15%)
Infrastructure and Housing 334,447 (65%)
Program Administration 102,906 (20%)
2013-2014 Budget: $514,534.00
Recommended Action
Staff recommends approval.