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Staff proposes substantial amendment to Consolidated Plan to reprogram slow-moving CDBG funds to faster projects
Summary
Staff presented a plan to request a substantial amendment to the Consolidated Plan that would reprogram unspent CDBG funds from slow-moving prior projects into new projects the city says can obligate funds quickly.
Staff presented a proposal to request a substantial amendment to the city’s Consolidated Plan so the city can reprogram unspent Community Development Block Grant (CDBG) funds from older, slow-moving projects into new projects that staff says can move faster and obligate funds quickly.
Why it matters: CDBG funds are federal entitlement dollars administered by the U.S. Department of Housing and Urban Development (HUD). Staff said the city’s unspent line-of-credit balance exceeds HUD’s recommended thresholds and the reprogramming would let the city spend those funds on projects that are ready to contract, reducing the risk that HUD could reclaim unobligated funds.
Staff described how pandemic-era grants and project delays left a backlog of unspent CDBG funds. The presenter said HUD expects jurisdictions to spend down lines of credit to a lower…
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