2016-2017 Grants Division Annual Action Plan Draft
The 2016-2017 Action Plan is the second of five annual plans implementing the 2015-2019 Consolidated Strategic Plan goals for the investment of annual allocations of Community Development Block Grant (CDBG) and HOME Investment Partnerships (HOME) funds from the U.S. Department of Housing and Urban Development (HUD). The Action Plan identifies available resources, annual goals, projects and activities for the period beginning July 1, 2016 and ending June 30, 2017.
The City receives CDBG and HOME funds from HUD on a formula basis each year, and in turn, awards grants to nonprofit, for-profit or public organizations, developers and Community Housing Development Organizations (CHDOs) for programs and projects in furtherance of thisPlan.
The CDBG and HOME programs generally provide for a range of eligible activities for the benefit of low- and moderate-income Compton residents, as discussed below. The following paragraphs include a brief description of each grant.
The Housing and Community Development Act of 1974 created the CDBG Program to develop viable urban communities by providing decent housing, a suitable living environment, and expanding economic opportunities, principally for persons of low- and moderate-income. The CDBG regulations require that at least 70 percent of all CDBG funds are used to benefit low and moderate-income residents who are members of households that earn less than 80 percent of Area Median Income (AMI).
For the 2016-2017 program year, the City will receive $1,491,641 of CDBG funds from HUD. When this amount is combined with any prior year resources, $0 remains available for inclusion in the 2016-2017 Annual Action Plan.
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