Title
Conduct a Public Hearing to Consider/Discuss/Act on a Resolution Approving the Community Development Block Grant (CDBG) FY 2013-14 Annual Action Plan
Summary
MEETING DATE: July 16, 2013
DEPARTMENT: Housing & Community Development
CONTACT: Shirletta Best, Community Services Administrator
RECOMMENDED CITY COUNCIL ACTION:
* Conduct a public hearing on the FY 2013-14 Annual Action Plan for the Community Development Block Grant (CDBG) funding and approve the attached resolution to adopt the Plan.
ITEM SUMMARY:
* The Community Development Block Grant (CDBG) program under the U.S. Department of Housing and Urban Development (HUD) is a flexible program that provides communities with resources to address a range of unique community development needs. The City of McKinney anticipates receiving $710,285 in CDBG funding for the program year, October 1, 2013 to September 30, 2014.
The City of McKinney uses CDBG as a quality of life investment toward goals to develop and revitalize viable communities by providing decent housing, a suitable living environment, and expand economic opportunities, principally for low- and moderate-income persons. The Annual Action Plan is a one-year plan, based on the goals and objectives of the City's Strategic Plan under the FY 2010-2014 Housing and Community Development Consolidated Plan.
Nationally, the CDBG program provides annual grants on a formula basis to 1209 general units of local government and States. HUD has stated possible impacts on grantees due to appropriation levels, sequestration and newer Census data. Beginning in FY 2012, HUD uses Census Bureau American Community Survey (ACS) data as the source for most demographic data in computing formula allocations. ACS data is updated annually and is based on five year weighted average data, so every grantee's formula demographics will change every year as a new year's data is introduced. The FY 2012 allocations were computed using 200...
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