Label
50th (2024) Year CDBG
Department of Housing and Community Development
Monica Brown (x1617)
Title
Authorizing the Mayor to accept, deposit, appropriate and expend the Community Development Block Grant from the U.S. Department of Housing and Urban Development (HUD) in the amount of $7,134,598; authorizing the expenditure of CDBG carryover funds from all years prior to program year 2023 (49th) in the amount of $2,015,000; and authorizing submission to the U.S. Department of Housing and Urban Development of the 2024-2025 Annual Action Plan; and declaring an emergency.
Body
SUMMARY & BACKGROUND:
This legislation provides funding for: the administration of the CDBG program; activities implemented by various City Departments; and activities implemented by third party non-profit partner organizations in the City of Toledo.
The legislation authorizes the acceptance, deposit, appropriation and expenditure in the amount of $7,134,598 of the CDBG 50th Year grant; the expenditure of CDBG carryover funds in the amount of $2,015,000 from all years prior to program year 2023 (49th); and the submittal of the 2024-2025 Annual Action Plan to HUD on June 28, 2024.
The financial impact of this Ordinance is the receipt of the $7,134,598 50th Year CDBG grant from HUD; the allocation of funding to City Departments and third-party nonprofit partners identified in Schedule A; and the expenditure of CDBG carryover funds in the amount of $2,015,000 from all years prior to program year 2023 (49th).
Summary
NOW THEREFORE Be it ordained by the Council of the City of Toledo:
SECTION 1. That the Mayor is authorized to submit the 2024-2025 Annual Action Plan; accept the 2024 Program Year CDBG allocation from HUD in the amount of $7,134,598; deposit the amount received from HUD into Account Code 2015-16100-5G50000STDADM (Community Development Block Grant Fund) for the purpose of funding the CDBG Program.
SECTION 2. That the appropriation in the amount of $7,134,598...
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