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Ithaca staff to submit workout plan after HUD flags CDBG timeliness; city reviews projects and reprogramming options
Summary
Staff told the Ithaca Urban Renewal Agency Neighborhood Investment Committee HUD has flagged the city for failing the CDBG timeliness test because unspent balances exceeded 1.5 times the current-year award on the snapshot date.
City staff told the Neighborhood Investment Committee on July that HUD has issued a timeliness noncompliance letter because the ratio of unspent CDBG funds to the current-year award exceeded HUD’s 1.5-times timeliness threshold at the snapshot date. The committee did not take a formal vote; staff said they will prepare a HUD-required “workout plan” and identify projects that can be accelerated to bring the city back into compliance.
Anissa summarized HUD’s notice: "the ratio of CDBG funds that we had still available to expend was over 1.5 times our, the award that we got this year." She and committee members discussed several projects that affect the city’s spending profile, and staff described potential short-term and administrative responses.
Staff highlighted the city sidewalk contract for Cecil Malone Drive as an example: though the work is under contract, reimbursements to the city must…
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