Number
041269
Version
SUBSTITUTE 1
Reference
Sponsor
THE CHAIR
Title
Substitute resolution relative to the reduction of 2005 HUD funding for Community Development Block Grant (CDBG), HOME Investment Partnership (HOME), Emergency Shelter Grant (ESG), Housing Opportunities for Persons With AIDS (HOPWA) and American Dream Downpayment Initiative (ADDI).
Analysis
Body
Whereas, The Common Council of the City of Milwaukee on 11/3/2004 approved the anticipated Housing and Urban Development funding awards for 2005 as follows: CDBG $20,000,000; HOME $7,000,000; ESG $766,449; HOPWA $512,000; and ADDI $369,000; and
Whereas, The Community Block Grant Administration (CBGA) was notified by HUD on 12/22/2004 that the actual 2005 funding awards would be as follows: CDBG $19,617,242; HOME $6,844,707; ESG $757,655; HOPWA $487,000; and ADDI $210,439; and
Whereas, The shortfall for each 2005 HUD funded award is CDBG ($382,758); HOME ($155,293); ESG ($8,794); HOPWA ($25,000), and ADDI ($158,561); and
Whereas, The Community & Economic Development Committee recommends approval to reduce the CDBG award to the Large Impact Development Pool from $100,000 to $0, and reduce the CDBG Acquire/ Rehab/Sell & New Construction Pool from $138,000 to $0, and restore funding to these activities during the reprogramming cycle leaving a CDBG deficit of ($144,758); and
Whereas, The Committee recommends approval to use the CDBG Contingency account to restore both the CDBG shortfall of ($144,758) and the ESG shortfall of ($8,794); and
Whereas, The Committee recommends approval to reduce the HOME Acquire/Rehab Sell & New Construction Pool from $510,000 to $354,707 to absorb the HOME shortfall of ($155,293). This activity will be restored during the HOME reprogramming cycle; and
Whereas, The Committee recommends approval to reduce the HOPWA 2005 award as follows:
Initial ProposalActual Award
AIDS Resource Center of WI $450,000
$428,000
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