Number
051293
Version
SUBSTITUTE 1
Reference
Sponsor
THE CHAIR
Title
Substitute resolution relative to changes in the 2006 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 11/15/2005 approved the anticipated HUD funding awards for 2006 as follows: CDBG $18,500,000; HOME $6,800,000; ESG $757,655; HOPWA $487,000; and ADDI $210,000; and
Whereas, The Community Development Grants Administration (CDGA) was notified by HUD that the actual 2006 funding awards would be as follows: CDBG $17,662,301; HOME $6,441,475; ESG $754,515; HOPWA $497,000; and ADDI $105,007; and
Whereas, The shortfall for each 2006 HUD funded award is CDBG ($837,699); HOME ($358,525); ESG ($3,140); ADDI ($104,993); and an increase to HOPWA of $10,000; and
Whereas, The Community & Economic Development Committee recommends approval to reduce the CDBG award to the Acquire/Rehab/Sell Pool by $172,000; reduce the Milwaukee Fire Dept - FOCUS program by $200,000; reduce the DOA-COMPASS program by $42,000 leaving a CDBG deficit of ($423,699), (See Attachment A). The 2005 Milwaukee Fire Dept - FOCUS program has approx $200,000 remaining, and the 2005 DOA-COMPASS program has approx $42,000 remaining. Both 2005 programs will be extended; and
Whereas, The Committee recommends approval to use the CDBG Contingency account (See Attachment B) to restore both the CDBG shortfall of ($423,699) and the ESG shortfall of ($3,140) for a total of ($426,839); and
Whereas, The Committee recommends approval to reduce the HOME Acquire/Rehab Sell & New Construction Pool by $21,525; reduce HOME Administration by $241,000; reduce West End Development Corp. (Acquire/Rehab/Sell Program) by $80,000; reduce the West End Development Corp. (CHDO HOME Operating funds) by $16...
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