Number
201053
Version
SUBSTITUTE 1
Reference
Sponsor
THE CHAIR
Title
Substitute resolution authorizing the submittal, acceptance and funding of the City of Milwaukee’s 2021 consolidated community development entitlement funding for Community Development Block Grant, HOME Investment Partnership and Emergency Solutions Grant Program from the U. S. Department of Housing and Urban Development through the Community Development Grants Administration (CDGA).
Analysis
This resolution authorizes the Community Development Grants Administration to submit its Annual Action Plan to the U. S. Department of Housing and Urban Development (HUD) for the City of Milwaukee’s 2021 Community Development entitlement estimated at $21,500,000. 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 Development Grants 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 2021 estimated at $21,500,000 which includes CDBG funding at $15,000,000, HOME funding at $5,200,000 and ESG funding at $1,300,000; and
Whereas, CCFN 200813 adopted on November 4, 2020 authorized the 2021 Funding Allocation Plan; and
Whereas, CCFN 75-1610-2f authorized the continued allocation of program income from the Milwaukee Economic Development Corporation for economic development activity utilizing a revolving fund; and
Whereas, It has been determined, that operation of this grant program for one year would generate an estimated $75,000, for CDBG and $300,000 for HOME in revenue (program income) from authorized revolving fund projects as well as additional program income from other projects; and
Whereas, It has been determined that operation of the com...
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