Fiscal Note
There is no fiscal impact associated with the adoption of the plan. However, individual components of the plan will have fiscal impact in the future, and will require Common Council approval at the time of the implementation.
Title
Approving the Community Development Division's HUD 2015-2019 Consolidated Plan including the 2015 Action Plan.
Body
In order for the City of Madison to receive federal funding from HUD, a 5 Year Consolidated Plan and an Action Plan for each year must be submitted. These plans cover the use of the following formula grant funds: CDBG, HOME and Emergency Shelter (ESG) funds. The goals and objectives developed for the plans were based on HUD's priorities to include housing, economic development and neighborhood support and revitalization. The Community Development Division within the City of Madison will administer the funds.
WHEREAS, the Department of Housing and Urban Development (HUD) requires that each participating jurisdiction submit a 5 year Consolidated Plan and Annual Action Plans to receive federal funds; and
WHEREAS, the City of Madison will receive the HUD funding and follow the funding requirements; and
WHEREAS, the Community Development Director has sought the advice of a number of community and housing groups, stakeholders, service providers, other funders and other departments within the city and developed the goals and objectives outlined in the plan; and
WHEREAS, the Community Development Division will carry out the goals and objectives in the plan to include housing, economic development and neighborhood support and revitalization activities;
NOW THEREFORE BE IT RESOLVED, that the Common Council hereby adopt the 2015 - 2019 Consolidated Plan including the 2015 Action Plan and authorize the Mayor and Clerk to sign any agreement necessary to accept the Federal funds and enter into agreements needed to implement the plan goals and objectives.