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Agency approves CDBG workout plan after staff warns of spend‑down shortfall
Summary
The agency approved a workout plan to address a possible CDBG spend‑down shortfall after staff reported the jurisdiction was about $70,000 short of HUD’s 1.5 spend‑down ratio and recommended developing backup projects and monthly tracking.
The agency approved a workout plan and directed staff to submit it to HUD after staff reported the jurisdiction had not met HUD’s CDBG spend‑down ratio and faced a timeline to correct the shortfall. The resolution to approve the workout plan was moved and seconded and carried unanimously.
Agency staff explained that HUD’s current policy requires communities that miss the 1.5 spend‑down ratio to bring their account back into compliance within 12 months or face a reduction in future CDBG allocations. Staff said the agency’s grant summary showed the community was roughly $70,000 short of meeting the ratio at the most recent snapshot and recommended more explicit monthly tracking and earlier contingency planning.
Staff told the agency that CDBG expenditures are "lumpy" and that some larger…
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