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Committee approves 2025 CDBG allocations after 1% federal award shortfall
Summary
The Financial Affairs Committee approved recommended Community Development Block Grant awards for program year 2025 after staff reduced the CDBG committee'recommended amounts about 1% to match an actual HUD award of $988,733. The package passed 8-0 and will go to the Common Council for final approval.
The Financial Affairs Committee voted 8-0 on June 3 to approve recommended Community Development Block Grant funding levels for program year 2025 after staff adjusted awards downward to match the final HUD allocation.
The grant award matters because CDBG funds support local projects for low- and moderate-income residents that the city cannot pay for with property taxes. Staff said the final U.S. Department of Housing and Urban Development award of $988,733 was about $11,267, or roughly 1%, below the committee'estimated $1,000,000; staff applied an approximately 1% across-the-board reduction to the community committee'recommended amounts to balance the budget.
Carl (staff member) told the committee that the CDBG awards…
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