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Council moves to accept disaster-recovery CDBG funds; short deadline pushes conditional commitments for multifamily projects
Summary
City staff described incoming federal CDBG recovery funds and a separate $31.95 million congressional allocation; the council introduced resolutions to accept grants and authorized conditional commitments so multifamily developers can meet an Alabama Housing Finance Authority Feb. 20 deadline.
City staff told the council the city is in the process of receiving federal Community Development Block Grant (CDBG) recovery funds and related congressional appropriations that would support multifamily rental development and disaster recovery work across storm-impacted neighborhoods.
Administration described a CDBG local recovery allocation (the transcript lists $53,149,037) and an additional $31.95 million downtown economic development revolving loan fund tied to congressional direction; staff said these are congressionally directed funds and that the state’s housing finance authority requires conditional-commitment letters from local governments to support developers’ applications by a Feb. 20 deadline for 9% tax-credit proposals. The city reported it had three viable 9% tax-credit projects under consideration and that letters with conditional commitments must go out to developers no later than Feb. 11–20 to meet state timelines.
Council members asked about the timing risk from federal hold orders on contracts and grants; administration said a department-level review on federal contracts was underway but that the CDBG allocation is already encumbered with the state under the congressional appropriation and that the immediate timing pressure is the state housing authority’s application schedule. Staff recommended moving forward to authorize acceptance and conditional commitments so developers could include local support in their applications.
Why it matters: the awards would channel federal disaster-recovery and housing dollars into multifamily rental development and infrastructure in areas affected by recent storms; the application timetable and federal review process create an urgent timeline for the council to provide conditional commitments.
