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Finance committee moves year-end CDBG and HOME account adjustments to council; Habitat, YMCA items noted
Summary
Officials told the committee the adjustments are routine year-end reconciliations in HUD’s IDIS system and include reallocation from closed projects into housing rehab loans and affordable housing lines; the YMCA returned about $18,000 and Habitat projects were funded from other sources.
The Finance Committee recommended placing legislation on the May 6 council agenda to approve several year-end budget adjustments in the Community Development Block Grant (CDBG) and HOME accounts.
Administration staff described the adjustments as routine reconciliations with the U.S. Department of Housing and Urban Development…
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