Title
A resolution to approve CARES Act Substantial Amendment 2 to the 2020-2024 Consolidated Plan/2020 Annual Action Plan
Presenter:
Catherine Duarte, AICP, Senior Analyst, Community Development Division
Body
Summary:
The City has amended its 2020-2024 Consolidated Plan/2020 Annual Action Plan to include the first round of CARES Act funding in 2020. Community Development now needs to amend this same plan to accommodate the last rounds of special CDBG and ESG funding allocated from HUD through the CARES Act.
Approval of this amendment will allow the City to enter into a funding agreement with HUD to receive its last round of CARES Act funding for $2 million in Community Development Block Grant (CDBG) and $5 million in Emergency Solutions Grant (ESG) funds.
Background:
As a grantee of regular HUD entitlement funding, the City of Colorado Springs has been awarded special allocations of CDBG and ESG funding from the March 2020 CARES Act. In round 1, the City received $1,811,610 in additional CDBG funds and $887,124 in additional ESG funds. These were amended into our 2020-2024 Consolidated Plan/2020 Annual Action Plan last fall. The next round of funding includes an addition $2,064,639 in CDBG and $5,097,279 in ESG funds, which is what this amendment seeks to include into the plan referenced above.
This current amendment enables the Community Development Division to add these additional sources of funding known as CDBG-CV and ESG-CV1 and their purposes in the plans, in HUD's national grant tracking system, and to notify the public of the change. This process is to ensure transparent handling of these emergency funds.
This item supports the City of Colorado Springs 2020-2024 Strategic Plan goal of Building Community and Collaborative Relationships by working with partner agencies to make available CARES Act funding to residents affected by the coronavirus pandemic.
Previous Council Action:
Council approved the submittal of Amendment 1 in Septem...
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