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FINAL 2018 Housing & Community Development Action Plan
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FINAL 2018 Housing & Community Development Action Plan
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6/13/2018 10:05:46 AM
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6/13/2018 10:00:42 AM
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City Council - City Clerk
City Counci - Date
6/12/2018
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' Program Specific Requirements <br /> ' AP-90 Program Specific Requirements - 91.420, 91.220(1)(1,2,4) <br /> Introduction <br /> t <br /> Community Development Block Grant Program (CDBG) <br /> ' Reference 24 CFR 91.220(1)(1) <br /> Projects planned with all CDBG funds expected to be available during the year are identified in the <br /> ' Projects Table. The following identifies program income that is available for use that is included in <br /> projects to be carried out. <br /> 1. The total amount of program income that will have been received before the start of the <br /> next program year and that has not yet been reprogrammed 25,300 <br /> ' 2.The amount of proceeds from section 108 loan guarantees that will be used during the year <br /> to address the priority needs and specific objectives identified in the grantee's strategic plan. 0 <br /> 3. The amount of surplus funds from urban renewal settlements 0 <br /> 4.The amount of any grant funds returned to the line of credit for which the planned use has <br /> not been included in a prior statement or plan 0 <br /> ' 5.The amount of income from float-funded activities 0 <br /> Total Program Income: 25,300 <br /> Other CDBG Requirements <br /> 1.The amount of urgent need activities 0 <br /> 2.The estimated percentage of CDBG funds that will be used for activities that benefit <br /> ' persons of low and moderate income.Overall Benefit-A consecutive period of one, <br /> two or three years may be used to determine that a minimum overall benefit of 70% <br /> of CDBG funds is used to benefit persons of low and moderate income. Specify the <br /> years covered that include this Annual Action Plan. 87.00% <br /> ' Annual Action Plan 55 <br /> 2018 <br /> OMB Control No:2506-0117(exp.06/30/2018) <br />
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