Title
Resolution to approve the draft 2022 Annual Action Plan for HUD submittal
Presenter:
Catherine Duarte, Senior Analyst, Community Development Division
Body
Summary:
Approval of the Annual Action Plan draft to HUD identifying strategies and performance expectations, as well as planned activities for the 2022 program year (Apr 1, 2022 through Mar 31, 2023)
Background:
The City of Colorado Springs is a U.S. Department of Housing and Urban Development (HUD) entitlement grantee and receives allocations of federal block grant funds under the Community Development Block Grant Program (CDBG), Home Investment Partnerships Program (HOME) and Emergency Solutions Grant (ESG). The purpose of the funds is to benefit low- and moderate- income residents of Colorado Springs, prevent slum and blight, encourage the development, improvement, and preservation of affordable housing, prevent homelessness and meet other urgent community needs. To be eligible to receive the annual entitlement grants, the City must develop and submit to HUD an Action Plan every year, identifying activities for the coming program year.
This item supports the City's strategic goal relating to building community and collaborative relationships by addressing a shortage of affordable housing, funding efforts to address and prevent homelessness, and improving the built environment in low- to moderate-income neighborhoods.
This item is also supported by and implements PlanCOS Vibrant Neighborhoods Policy VN-2-A pertaining to attainable housing and providing a variety of housing types for various life stages and income levels
Previous Council Action:
N/A
Financial Implications:
The 2022 Annual Action Plan draft lays out the Division's expected financial resources for its program year. The Division drafted the 2022 Action Plan based on a 10% funding increase. Per capita entitlements from HUD have decreased over the past two decades, but we have received nominal increases in recent ye...
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