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HomeMy WebLinkAbout~Master - Approving the 2022/23 Proposed Annual Action Plan Project for the Community Development Block Grant (CDBG) and HOME Programs RESOLUTION NO.22-145 RESOLUTION APPROVING THE 2022/23 PROPOSED ANNUAL ACTION PLAN PROJECT FOR THE COMMUNITY DEVELOPMENT BLOCK GRANT(CDBG) AND HOME PROGRAMS FOR THE CITY OF AMES,IOWA WHEREAS,as part of the City's approved 2019-23 Five-Year Community Development Block Grant(CDBG)and HOME Consolidated Plan,the City must submit an Annual Action Plan that outlines the proposed activities and budget to be implemented in the upcoming year; and, WHEREAS,those activities should be consistent with the goals and priorities identified in the Consolidated Plan; and, WHEREAS,the activities identified in the Annual Action Plan should address the housing and community development needs of low-and moderate-income persons as well as the housing and community development needs of non-low-and moderate-income persons in the community; and, WHEREAS, the Annual Action Plan can address one or all of the goals and priorities of the housing and community development needs identified in the Consolidated Plan; and, WHEREAS,HUD regulations require that the Annual Action Plan be submitted for approval within 45 days before the beginning of the program fiscal year, and it also requires that the Plan be published for 30 days to allow for citizen input on the proposed projects for the utilization of funds;and, WHEREAS,although the President signed the 2022 omnibus appropriations bill on March 15, 2022,the 2022 CDBG and HOME funding allocations for entitlement cities has not yet been announced; and, WHEREAS,staff is proposing the following program projects for consideration for the 2022/23 Action Plan to continue to address the needs outlined in the Consolidated Plan: 1. Utilize CDBG funds to provide down payment and closing cost assistance to eligible first-time homebuyers in the Baker Subdivision. 2. Utilize CDBG funds to provide rehabilitation assistance for single-family homeowners. 3. Utilize HOME funds to provide gap financing to the construction of Low Income Housing Tax Credit(LIHTC)multi-family units in the Baker Subdivision. 4. Utilize CDBG funds to acquire and demolish deteriorated residential and/or commercial properties city-wide and resell the property for development. (Up to 30%of this annual allocation can be used for non-low- and moderate- income benefit directed toward removing slum and blight.) WHEREAS, staff believes that focusing on the four programs for 2022-23 will help make an impact on the need outlined within the Consolidated Plan,while accomplishing program projects that have been adopted in the previous Action Plans that have not been completed; and, WHEREAS, the project activities are consistent with the current adopted 2019-23 Five-Year Consolidated Plan goals along with the two barriers that were outlined in the 2019 Impediments to Fair Housing Analysis Study; and, WHEREAS,the proposed projects are consistent with the City Council's goals and priorities of focusing on neighborhood sustainability by improving and expanding the housing stock for low- and moderate-income households and in vital core neighborhoods; and, WHEREAS,the proposed implementation sequence for the project activity should help meet HUD's timely expenditure requirements; and, WHEREAS, over 90% of the activities proposed would be of 100% benefit to low- and moderate-income persons; and, WHEREAS,because the City has not been notified of the amounts that will be allocated for the 2022-23 Program year, we have been advised to project the current 2021-22 CDBG allocation of $599,177 and HOME allocation of$350,543 for budgeting for the proposed 2022-23 Action Plan projects; and, WHEREAS,for CDBG,approximately$479,341 is available for programming after accounting for 20% of funding for administration and staff is cautiously anticipating a rollover balance of approximately$600,000 and program income of$50,938,for a total projected revenue of$1,250,115 WHEREAS, of the $262,908 of HOME funds, approximately $262,908 (excluding 15% Community Housing Development Organization (CHDO) set aside of $52,581 and $35,054 for administration),and staffis anticipating a rollover balance of approximately$1,681,068 remaining from Program years 2018-19, 2019-20, 2020-21, and 2021/22, for a total projected revenue of$1,979,030; and, WHEREAS, staff will proceed with hosting public forums for citizen input and feedback,and request an extension to HUD to submit the Annual Action Plan on or by August 16,2022. NOW,THEREFORE,BE IT RESOLVED by the City Council of the City of Ames,Iowa,that the 2022/23 Proposed Annual Action Plan Projects for the Community Development Block Grant (CDBG)and HOME Programs are hereby approved. ADOPTED THIS 22"d day of March,2022. Diane . Voss, City Clerk John A. Haila, Mayor Introduced by: Betcher Seconded by: Junck Voting aye: Beatty-Hansen,Betcher, Corrieri, Gartin, Junck,Rollins Voting nay: None Absent: None Resolution declared adopted and signed by the Mayor this 22'day of March, 2022.