Friday, April 18, 2008

CITY RELEASES DRAFT CONSOLIDATED COMMUNITY DEVELOPMENT PLAN-2008-09 ANNUAL ACTION PLAN

Subj: CITY RELEASES DRAFT CONSOLIDATED COMMUNITY DEVELOPMENT PLAN-2008-09 ANNUAL ACTION PLAN 
Date: 4/16/2008 9:01:31 P.M. Eastern Daylight Time
The City's Dept. of Community Development has released the Draft Consolidated Community Development Plan/2008-09 Annual Action Plan.

The Action Plan contains the one-year plan to carry out the City’s housing and community development activities funded by Federal formula grant funds received in the 2008-09 program year from the U.S. Department of Housing and Urban Development (HUD). These funds are from the Community Development Block Grant (CDBG), HOME Investment Partnerships (HOME), Emergency Shelter Grant (ESG), and Housing Opportunities for Persons with AIDS (HOPWA) programs.
 
The amount of revenue expected to be available to fund plan activities is estimated to be $17,315,630. Of this amount, $13,765,630 represents new grants from the federal government and $1,550,000 represents the anticipated receipt of loan and interest repayments on prior year Urban Development Action Grant and other program income. We are submitting an application in the amount of $2,000,000 for a Section 108 loan to provide additional funding for a Business Loan Program.
 
The following table provides a summary of funding by program goal:
GOAL                                                                   AMOUNT             PERCENT OF TOTAL
Promote Economic Stability                           $4,548,700                       26%
Improve the Housing Stock                             $9,620,586                       56%
Respond to General Community Needs           $2,326,344                       13%
Other                                                              $820,000                         5%
Total                                                          $17,315,630                      100%
 
The City’s Community Development Program has been nationally recognized. In 1998, the City was awarded eight John J. Gunther Blue Ribbon Practices in Community Development from HUD, one of which was in the area of administrative excellence. Rochester also received the prestigious HUD-Buffalo Meritorious Award in 2006
 
A public hearing on the Consolidated Community Development Program /2008-09 Draft Annual Action Plan will take place 8 p.m., Tues., May 13 at City Council Chambers, Third Floor, City Hall, 30 Church St. The hearing will consider the Plan, including the City Development Fund and annual performance report on the 2006-07 Consolidated Community Development Plan Program Year.
 
Copies of the Plan are available at the City’s Department of Community Development, City Hall, Room #125-B, 30 Church St.

 

1 comment:

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Alena

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