City of Charlotte Banner
Share to Facebook Share to Twitter Bookmark and Share
File #: 15-13183    Version: 1 Name:
Type: Business Item Status: Agenda Ready
File created: 4/8/2020 In control: City Council Business Meeting
On agenda: 4/13/2020 Final action:
Title: Amendment to the HUD FY 2016 Consolidated Plan and FY 2020 Annual Action Plan in response to COVID-19 for Small Business Support
Attachments: 1. Consolidated Plan Amendment, 2. FY20 Action Plan Amendment, 3. 2014BCRG Map

Title

Amendment to the HUD FY 2016 Consolidated Plan and FY 2020 Annual Action Plan in response to COVID-19 for Small Business Support

 

Action

Action:

A.                     Amend the HUD FY 2016 Consolidated Plan and the FY 2020 Annual Action Plan to allow for new activities in response to the COVID-19 pandemic,

 

B.                     Approve the use of FY 2020 Community Development Block Grant funds in the amount of $1,000,000 to assist microbusinesses in the city’s designated opportunity corridors, and

 

C.                     Authorize the City Manager to execute any necessary contracts related to the use of Community Development Block Grant funds to assist small businesses.

 

Body

Staff Resource(s):

Tracy Dodson, Economic Development

Pamela Wideman, Housing and Neighborhood Services

 

Policy

§                     The U.S. Department of Housing and Urban Development (HUD) mandates the development of a five-year Consolidated Plan and an Annual Action Plan (collectively the Plan) to receive federal funding for housing and community development activities.

§                     When the city wishes to change activities, HUD requires that the city adopt a substantial amendment to its plans to reflect funding amounts and changes to program activities.

 

Explanation

§                     HUD allows Community Development Block Grant (CDBG) funds to be used for activities that build stronger and more resilient communities.

§                     Amending the Plan will allow the city to create a microbusiness program with CDBG funds that are currently available.

§                     The grant program would use up to $1,000,000 to mitigate the economic impacts caused by COVID-19 for businesses with five employees or less in the city’s opportunity corridors.

 

Community Input

§                     The amendment was made available for public comment and advertised in general circulation newspapers.

 

Attachments

Attachment(s)

FY16 Consolidated Plan Amendment

FY20 Annual Action Plan Amendment

Opportunity Corridors Map