Fiscal Note
The proposed resolution seeks Council approval for the City of Madison to submit its 2019 HUD Action Plan. The annual plan outlines the City's planned activities funded through federal formula grants for the 2019 calendar year. The specific funding sources outlined in the Action Plan total $4,229,140 and include $1,889,625 in Community Development Block Grant (CDBG) funds, $1,378,974 in HOME Investment Partnerships Program (HOME) funds, $159,201 in HEARTH/Emergency Solutions Grant (HESG) funds, $19,761 in Future Madison private funds, $528,379 in State ESG/HPP/HAP ("EHH") funds, and $253,200 in Housing Cost Reduction Initiative (HCRI) funds. The Community Development Division’s 2019 Adopted Operating Budget includes these funding sources in the Community Development Grants fund, primarily as intergovernmental revenue ($4,566,003), and authorizes the expense of these funds in purchased services. No additional City appropriation is required.
Title
Approving submission of the City of Madison’s required 2019 Action Plan to the U.S. Department of Housing and Urban Development (HUD).
Body
Background
The U.S. Department of Housing and Urban Development (HUD), as a condition of awarding federal funding to the City of Madison through the Community Development Block Grant (CDBG), HOME Investment Partnerships (HOME) and HEARTH/Emergency Solutions Grant (HESG) Programs, requires the City to submit an annual Action Plan (AAP) describing how the City will use those funds. The AAP must also describe how supplemental funds from State and local sources will be used to further the same or similar goals and objectives. The goals and objectives upon which the AAP is developed are anchored in HUD priorities established for these program funds, including housing, economic development and neighborhood revitalization. Each expenditure of these funds is subject to approval by the City's CDBG Committee and the Common Council. The City of Madison's Community Development Di...
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