Title
Resolution approving the 2020-2024 Consolidated Plan and 2020 Annual Action Plan for the use of federal block grant funds (CDBG, HOME, ESG) provided through the U.S. Department of Housing and Urban Development.
Presenter:
Catherine Duarte, Senior Analyst, Community Development Division
Peter Wysocki, Director of Planning and Community Development
Body
Summary:
Approval of the Consolidated Plan/Annual Action Plans identify five-year priority needs and strategies, as well as planned activities for the 2020 program year (Apr 1, 2020 through Mar 31, 2021). The Plans are required and are submitted to the U.S. Department of Housing and Urban Development (HUD).
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 a Consolidated Plan every five years, laying out housing and community needs based on updated data and public input. The Annual Action Plan is a component of the Consolidated Plan and identifies 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 prevent homelessness, and improving the built environment in low- to moderate-income neighborhoods.
Furthermore, this item is supported by and implements PlanCOS Vibrant Neighborhoods Policy VN-2-A pertaining to attainable ho...
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