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IRA reviews HOME/CDBG allocations, readies draft action plan for Common Council and HUD review
Summary
The Ithaca Urban Renewal Agency reviewed grant, loan, and lease reports, discussed a slightly higher-than-expected HOME/CDBG allocation, and described next steps for submitting the HUD action plan and working through outstanding project issues including St. John's reintegration project and a canceled Beacon Island project.
The Ithaca Urban Renewal Agency reviewed its grant, loan and lease reports and discussed next steps for the 2025 HOME and Community Development Block Grant (CDBG) action plan during the May meeting.
Nels, an IRA staff member, told the board the agency’s actual 2025 HOME and CDBG allocation was about $59,000 higher than anticipated and roughly on par with last year’s funding. The agency’s draft action plan — which will include funding adjustments that restore projects previously scaled back — is slated for submission to the Common Council and then to the U.S. Department of Housing and Urban Development (HUD). Nels said the Common Council had held a public hearing and “voted unanimously to bring it forward to the June 4 meeting,” at which the council will consider formal approval; HUD…
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