Fiscal Note
No City appropriation is required with the approval of the Community Development Division’s HUD 2020-2024 Consolidated Plan. The Department of Housing and Urban Development (HUD) requires each participating jurisdiction to submit a 5-year Consolidated Plan and Annual Action Plans to receive federal funds. The amount of HUD funding the City will receive throughout the 2020-2024 plan is unknown at this time. City costs associated with housing, economic development, neighborhood support, and revitalization activities will be included in future operating and capital budgets subject to Common Council approval.
Title
Approving the Community Development Division's HUD 2020-2024 Consolidated 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: Community Development Block Grant (CDBG), HOME Investment Partnership Program (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 2020 - 2024 Consolidated 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 plans goals and objectives.