Title
Public Hearing on the Proposed Fiscal Year 2025 Annual Action Plan for Housing and Community Development
Action
Action:
Conduct a public hearing on the proposed Fiscal Year 2025 Annual Action Plan for Housing and Community Development.
Body
Staff Resource(s):
Rebecca Hefner, Housing and Neighborhood Services
Warren Wooten, Housing and Neighborhood Services
Explanation
* The U.S. Department of Housing and Urban Development (HUD) mandates the development of an Annual Action Plan (Plan) to receive federal funding for housing and community development activities.
? In Fiscal Year 2025, the city expects to receive the following federal funding allocations totaling $13,242,584 (funding amounts are estimates based on prior fiscal year allocations; actual FY 2023 funding amounts are expected to be released in the next few weeks):
* Community Development Block Grant (CDBG): $5,618,194
* HOME Investment Partnerships Grant (HOME Program): $3,463,178
* Emergency Solution Grants (ESG): $494,529
* Housing Opportunity for Persons with AIDS (HOPWA): $3,666,683
* The Plan describes the city's use of HUD funding during Fiscal Year 2025 and is consistent with the city's Housing Charlotte Framework to preserve existing housing, expand the supply of low- and moderate-income housing, and support family self-sufficiency.
* The Plan includes housing and community development needs and resources for the city and the Charlotte-Mecklenburg Regional Housing Consortium (Consortium).
? The Consortium, authorized by HUD pursuant to HOME Program guidelines, is a partnership among the city, Mecklenburg County, and the towns of Cornelius, Davidson, Huntersville, Matthews, Mint Hill, and Pineville.
? Community engagement on the Plan includes:
* Publishing a draft copy of the Plan to the city's website with paper copies available by request in English and Spanish.
* Holding an in-person public forum on February 15, 2024, and virtual public forum on February 20, 2024. During the forums...
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