HomeMy WebLinkAbout06/05/2012 06 2012 CDBG and HOME Funds Budget Amendment - Public Hearing BUSINESS OF THE CITY COUNCIL
YAKIMA, WASHINGTON
AGENDA STATEMENT (,��
Item No. `0
For Meeting of: June 5, 2012
ITEM TITLE: Public Hearing regarding 2012 CDBG and HOME Funds
Budget Amendment
SUBMITTED BY: Joan Davenport, Acting Director of Community and
Economic Development
CONTACT Archie M. Matthews, Neighborhood Development Services
PERSON /TELEPHONE: Manager (575 - 6101)
SUMMARY EXPLANATION:
The Department of Housing and Urban Development (HUD) has announced the actual
CDBG entitlement amount awarded to the City of Yakima of in the amount of $887,581. The
actual HOME entitlement allocation has been set at $393,000.The CDBG amount
represents a decrease of 17.3% from the 2011 entitlement. Adjustments to programs must
be made to address this reduction in funds.
This budget reduction necessitates a budget amendment and reduction of program funding
in both the CDBG and HOME funded programs.
The Public Hearing will allow citizen comments on the proposed amendments to the City of
Yakima 2012 Annual Action Plan. The second and final public hearing will be held at the
next City Council Business meeting on June 19, at 7:00 p.m.
Resolution Ordinance Other
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APPROVED FOR
SUBMITTAL: City Manager
STAFF RECOMMENDATION:
Consider testimony and conduct the required second Public Hearing on June 19, 2019 to
consider amendments to the City of Yakima 2012 Annual Action Plan..
BOARD /COMMISSION RECOMMENDATION:
ATTACHMENTS:
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Proposed 2012 Annual Action Plan Budget Amendments
Due to the reduction in Fiscal Year 2012 allocations as received by the City of Yakima from the
U.S. Department of Housing and Urban Development (HUD), the City of Yakima Office of
Neighborhood Development Services is proposing to amend the 2012 Annual Action Plan budget
and programs as submitted to HUD.
The 2012 Annual Action Plan as adopted by the Yakima City Council estimated the allocations
from HUD to be:
• Community Development Block Grant (CDBG) at $965,854 and actual is $887,581
• HOME Investment at $537,347 and actual is $393,000
Due to the severe reduction, the Office of Neighborhood Development Services is proposing
eliminating the Down Payment Assistance Program in order to complete the Neighborhood
Stabilization Program as contracted with the State of Washington, concerning the North 3rd Street
Affordable Housing Project.
The Down Payment Assistance Program is the only program currently proposed for elimination.
The HOME funded "First Time Homeowner Program" will continue to assist first time homeowners
as funding allows.
The other programs will continue to be funded at reduced levels to compensate for the budget
reductions.
The HUD mandated thirty (30) day written comment period ran from January 30, 2012 through
February 29, 2012 and no written comments as to this proposed budget amendment was received.