DATE: April 26, 2016
TO: Board of Mayor and Aldermen
FROM: Eric Stuckey, City Administrator
Chris Bridgewater, Director BNS
Kathleen Sauseda, Housing Development Coordinator
SUBJECT:
title
Consideration of Resolution 2016-04, A Resolution to Approve Year 2 Action Plan of the CDBG Consolidated Plan. (04/12/16 WS)
body
Purpose
The purpose of this memo is to provide information to the Franklin Board of Mayor and Aldermen (BOMA) concerning Resolution 2016-04 to approve the programming and allocation for the Year 2 Action Plan of the City's five-year Consolidated Plan. (WS 4-12-16)
Background
The City of Franklin has identified affordable housing development as an important issue in the community. The mission of the Community Development Block Grant program in Franklin is to develop, in cooperation with its residents, business partners, and not-for-profit housing agencies, viable urban communities by providing decent housing and a suitable living environment and to expand economic opportunities principally to low and moderate-income persons.
The Department of Housing and Urban Development requires entitlement cities to develop and submit an Annual Action Plan reflecting the projections of the next fiscal year. Suggested programs for the second year Action Plan are similar to the previous year. The Emergency Rehab category is not being funded this year since there are still funds being expended from previous program years. The allocations recommended by the Housing Commission are as follows:
Emergency Rehab
$ 0.00
Community Based Development Organization
$180,000.00
Homeownership/Fair Housing Counseling
$3,000.00
Public Facilities
$41,328.00
Administration
$56,082.00
Total (anticipated $280,410.00 entitlement)
$280,410.00
Financial Impact
Staff with input from citizens at the Public Hearing held on March 29, 2016 recommends approval of the following programs and allotment by percentage. Fu...
Click here for full text