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CC - Item 3A - PresentationFY 22-23 Annual Action Plan CDBG & HOME Presentation to City of Rosemead City Council May 31, 2022 1 2022-2023 CDBG Allocation 2 Projects Prior Years Available funds 2022-23 Proposed Allocation Total Available Administration (max. 20%) $141,796 Planning and Administration $141,796.00 $141,796.00 Subtotal $141,796.00 $141,796.00 Economic Development Commercial Façade Improvement Program $95,369.00 $95,369.00 Subtotal $95,369.00 $95,369.00 Housing Handyworker Grants $316,500.00 $195,000.00 $511,500.00 Emergency Grants $16,000.00 $16,000.00 Homeownership Assistance Program $510,500.00 $510,500.00 Subtotal $843,000.00 $195,000.00 $1,038,000.00 Public Facilities & Infrastruture Rosemead Park Improvement $328,000.00 $328,000.00 City Hall ADA Elevator Project $265,838.00 $265,838.00 Subtotal $328,000.00 $265,838.00 $593,838.00 Public Services (max. 15%) $106,347 Housing Rights Center $11,347.00 $11,347.00 Senior Nutrition Program $60,000.00 $60,000.00 Summer Youth Employment $30,000.00 $30,000.00 Family Promise $5,000.00 $5,000.00 Subtotal $106,347.00 $106,347.00 GRAND TOTAL $1,266,369.00 $708,981.00 $1,975,350.00 2022-2023 HOME Allocation Prior Years Carryover 2022-23 Allocation Total Available Administration (max. 10%) $34,103 Planning and Administration $34,103.00 $34,103.00 Total Administration $34,103.00 $34,103.00 Housing Homeownership Assistance Program $1,645,000.00 $1,645,000.00 Owner-Occupied Housing Rehabilitation Loan Program $150,000.00 $255,775.00 $405,775.00 Total Housing $1,795,000.00 $255,775.00 $2,050,775.00 CHDO (min. 15% required) $51,155 CHDO $50,627.00 $51,155.00 $101,782.00 CHDO TOTAL $50,627.00 $51,155.00 $101,782.00 GRAND TOTAL $1,845,627.00 $341,033.00 $2,186,660.00 CDBG-Corona Virus funding Total received Round 1 & Round 3 Total Available Administration (max. 20%) Planning and Administration $193,736.00 $142,527.49 Total Administration $193,736.00 $142,527.49 Economic Development Small Business Assistance Program $578,592.00 $468,592.00 Total Economic Development $578,592.00 $468,592.00 Public Services (no cap) Asian Youth Center -Food Bank $200,000.00 $126,219.64 Total Public Services $200,000.00 $126,219.64 GRAND TOTAL $972,328.00 $737,339.13 Next Steps Staff recommends the City Council adopt the FY 2022-2023 Annual Action Plan and funding recommendations. 5 Discussion and Questions 6