NUMB:
970937
VERS:
SUBSTITUTE 2
REF:
XXBY:
THE CHAIR
TITL:
Substitute resolution authorizing the submittal, acceptance and funding of the City of Milwaukee's 1998 consolidated community development entitlement funding for Program Administration from the U. S. Department of Housing and Urban Development through the Community Block Grant Administration (CBGA).
ANLS:
This resolution authorizes the Community Block Grant Administration to submit its Annual Action Plan to the U.S. Department of Housing and Urban Development (HUD) for the City of Milwaukee's 1998 Community Development entitlement estimated at $29,370,000. In addition, this resolution designates the Mayor as the authorized representative for the consolidated community development entitlement, approves the certifications required by the Department of Housing and Urban Development, and authorizes the Community Block Grant Administration to execute and implement the projects to be designated in the Annual Action Plan.
BODY:
Whereas, The City of Milwaukee appears to be eligible for a Community Development entitlement funding for 1998 estimated at $29,370,000 which includes CDBG funding at $21,700,000, HOME funding at $7,100,000, ESG funding at $570,000; and
Whereas, The 1998 Community Development Program activity for the City of Milwaukee has been proposed by the Mayor and the Neighborhood Planning Areas and approved by the Community Development Policy Committee on September 8, 1997; and
Whereas, CCFN 970385 authorized the submission of a revised Consolidated Plan and Annual Action Plan for 1998 consolidated community development entitlement funding; and
Whereas, CCFN 970782 authorized the allocation of program income from the existing portfolio of CDBG and HOME funded rehabilitation loans to the Neighborhood Improvement Development Corporation (NIDC) as an ongoing revolving loan fund; and
Whereas, CCFN 75-1610-2f authorized the continued allocation of program income ...
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