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