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Lakewood planning staff outlines five-year CDBG/HOME plan prioritizing housing, small infrastructure projects
Summary
Planning staff presented the draft five-year consolidated plan for CDBG and HOME funds, proposing homeowner rehab, emergency assistance, tenant-based rental deposit assistance, small infrastructure projects and demolition of dangerous buildings.
City planning staff presented the draft five-year consolidated plan that would direct Lakewood's Community Development Block Grant (CDBG) and HOME Investment Partnership (HOME) funds over the next five years, including a single-year action plan for the first year.
The presenter told the commission that the federal grants come through HUD and that Lakewood's available annual allocations are relatively small compared with larger jurisdictions: "we typically get about $500,000 in CDBG funds and about $300,000 in HOME funds," the planning presenter said. Staff said public outreach and two public hearings contributed to the draft goals and priorities.
The draft plan proposes five overall goals: advance economic development and equity, prevent and reduce homelessness and housing instability, support diverse rental and homeownership opportunities, support…
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