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File #: RPT 20-093   
Section: Informational Report Status: Agenda Ready
Meeting Body: Community Services Commission
Agenda Date: 9/16/2020 Final action:
Subject: Community Development Block Grant Timeliness Update
Attachments: 1. Attachment I Staff Report

DATE:      September 16, 2020

 

TO:           Community Service Commission

 

FROM:     Community Services Manager

 

SUBJECT                     

Title                      

 

Community Development Block Grant Timeliness Update                                                             

 

End
RECOMMENDATION

Recommendation

 

That the Community Services Commission reviews the Division’s progress in meeting timeliness standards for Community Development Block Grant (CDBG) entitlement and CARES Act (CDBG-CV) funding.

End

 

SUMMARY

 

The CDBG program annually provides formula entitlement grants to states and local governments with populations greater than 50,000. Annually on May 2, HUD conducts a point-in-time measure to assess an entitlement community’s timely use of CDBG funds. To meet this “timeliness ratio,” communities must have no more than 1.49 times their current program year entitlement in fund reserves.

 

In December 2018, staff sought guidance from Council and approval of a contingency plan to re-allocate up to $1.75M in available CDBG funds to eligible projects. After successfully spending down the City’s CDBG fund balance through 2018 and 2019, the City’s current projected timeliness ratio is 1.08, once pending draws are completed. This report provides a status update on FY 2020 funded projects and an overview of how the addition of CDBG funds from the CARES Act influences timeliness.

 

 

ATTACHMENTS

Attachment I Staff Report