Fiscal Note
The proposed resolution seeks Council approval for the City of Madison 2018 HUD Action Plan. The annual plan outlines the City’s planned activities funded through federal formula grants for the 2018 calendar year. The specific funding sources outlined in the action plan include: Community Development Block Grant, HOME, Emergency Solutions Grant, Future Madison, EHH, and Housing Cost Reduction Initiative. The expected allocation for 2018 through these grants is $4,641,085; this amount is included in CDD’s 2018 Adopted Operating Budget. The attached table outlines the 2018 plan by grant.
Title
Approving submission of the City of Madison’s required 2018 Action Plan to the US Department of Housing and Urban Development.
Body
The US 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 Emergency Solutions Grant (ESG) Programs, requires the City to submit an annual Action Plan describing how the City will use those funds. The Plan 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 Plan 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 Division administers the funds.
Action
WHEREAS, the U.S. Department of Housing and Urban Development (HUD) requires that each participating jurisdiction submit an Action Plan annually to receive federal funds; and
WHEREAS, the City of Madison receives funding from HUD and is obligated to adhere to established rules and regulations regarding its use; and
WHEREAS, the CDBG Committee held a p...
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