Fiscal Note
The proposed resolution amends the Community Development Authority (CDA) 2025 Adopted Operating Budget to accept and appropriate a total of $25,359 of additional funds from the U.S. Department of Housing and Urban Development (HUD) Public Housing Capital Grant Fund Program (FY 2019 $8,404, FY2021 $8,724, and FY 2022 $8,231). No appropriation of City funds required.
Title
Amending the Community Development Authority (CDA) 2025 Adopted Operating Budget to accept and appropriate FY 2019 ($8,404), FY2021 ($8,724), and FY 2022 ($8,231) of Public Housing Capital Grant funds received from the U.S. Department of Housing and Urban Development (HUD).
Body
WHEREAS, HUD has revised the amounts of Capital Fund Program (CFP) Formula Grant awards to include an increase in FY 2019, FY 2021, FY2022 CFP; and
WHEREAS, the funds appropriated by HUD are to be used for 2019, 2021, 2022 Capital Fund Grant eligible items; and
WHEREAS, the eligible use of funds is outlined in the Capital Fund Grant Program which the CDA already utilizes at the majority of its properties; and
WHEREAS, the CDA was allocated a total of $25,359 for Capital Fund eligible activities which have already been planned for in the CDA’s CFP annual plan;
NOW, THEREFORE BE IT RESOLVED that the CDA 2025 Adopted Operating Budget is amended to accept an additional $25,359 of Capital Grant Funds.