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County monitors proposed CDBG repurposing; officials to seek details on $22 million proposal
Summary
Staff described a proposed state-level repurposing of Community Development Block Grant (CDBG) revolving funds into a program to convert underused buildings into affordable housing; staff will attend informational sessions to learn details and report back.
Committee members discussed Community Development Block Grant (CDBG) revolving-loan funds that local communities have under use. A supervisor said some local communities find low uptake for home-repair loans and that returned funds may be pooled at the state level.
Staff described a proposal they had been told about to return roughly $22 million in underused CDBG revolving funds (as stated during the meeting) to create an affordable-housing program converting underutilized or vacant buildings into housing. Staff said specifics on program eligibility, allocation methodology and how Polk County communities would access the funds were not yet available.
Staff will attend informational sessions (including one in late March) and meetings with a county housing consortium to assess how Polk County might participate in any new program. The committee agreed to monitor the proposal and requested staff report back after the informational meetings.
Why this matters: repurposed CDBG funds could provide a new source for affordable- or workforce-housing initiatives in Polk County, but eligibility and local impacts remain to be defined.
Ending: Staff will attend upcoming sessions, gather details and return with recommendations on whether and how Polk County could participate.
