DEPARTMENT: Neighborhood and Housing Services
DEPARTMENT HEAD: Ver?nica R. Soto, Director
COUNCIL DISTRICTS IMPACTED: Council Districts 1-10
SUBJECT:
Substantial Amendment #2 (Reprogramming) to the FY 2018 Action Plan and Budget
SUMMARY:
Consideration of a recommendation authorizing Substantial Amendment #2 to the FY 2018 Action Plan and Budget to reprogram $908,000 in Community Development Block Grant (CDBG) Funding; $1,820,000 in HOME Investment Partnerships Program (HOME) Funding; and $465,000 in Neighborhood Stabilization Program (NSP) Funding to eligible activities consistent with the Five Year Consolidated Plan.
BACKGROUND INFORMATION:
The City of San Antonio (the City) receives an annual entitlement of Community Development Block Grant (CDBG) and HOME Investment Partnerships Program (HOME) funding through the U.S. Department of Housing and Urban Development (HUD). CDBG funds are designed to meet the needs of persons of low and moderate income and to preserve and redevelop low-income communities. HOME funds are designed to meet affordable housing needs of low and moderate income households and homebuyers. In addition, the City received a one-time award of $8.6 million in Neighborhood Stabilization Program (NSP) funding from HUD in March 2009 for the redevelopment of abandoned and foreclosed homes and residential properties in six NSP Target Areas. Although the City met the NSP expenditure deadline in December 2013, the City generated program income can be programmed to eligible activities.
On August 3, 2017, through Ordinance 2017-08-03-0521, City Council approved the FY 2018 Action Plan and Budget which allocated $12.2 million in CDBG Funding and $4.9 million in HOME Funding. The table below illustrates the current activities funded in the FY 2018 Action Plan and Budget:
Community Development Block Grant
Funding Category
CDBG Activity Description
Budget
Debt Service
Required annual HUD Section 108 loan repayment
$4,802,609
Neighb...
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