Label
47th (2021) Year CDBG
Department of Neighborhoods
Bonita Bonds (x1401)
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 an amount of $7,483,240; and authorizing submission to the U.S. Department of Housing and Urban Development of the 2020-2021 Annual Action Plan; and declaring an emergency.
Body
SUMMARY & BACKGROUND:
This legislation provides funding for a variety of programs both for the administration of the CDBG program and programs operated internally by various City Departments and operations, Community Development Corporations, and Social Service agencies. This legislation authorizes the acceptance, deposit, appropriation and expenditure in the amount of $7,483,240 in federal funds and more specifically, the 2020-2024 Consolidated Plan and the 2021-2022 Annual Action Plan for the 2021 Program Year to be submitted to HUD on May 18th, 2021.
The financial impact of this Ordinance is the receipt of $7,483,240 from HUD to the City of Toledo for the administration of the CDBG Program as well as the allocation of funding to Community Development Corporations and various Social Service agencies in the Toledo community.
Summary
NOW, THEREFORE, Be it ordained by the Council of the City of Toledo:
SECTION 1. That the Mayor is authorized to submit the 2021-2022 Annual Action Plan; accept the 2021 Program Year CDBG allocation from HUD in the amount of $7,483,240; deposit the amount received from HUD into Account Code 2015-16100-407400-5G47000STDADM (Community Development Block Grant Fund) for the purpose of funding the CDBG Program.
SECTION 2. That the appropriation in the amount of $7,483,240 is authorized from the unappropriated grant proceeds in the Community Development Block Grant Fund into various accounts; and further authorizing the expenditure of same pursuant to the attached Schedule A.
SECTION 3. That t...
Click here for full text