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Oxnard staff proposes $1 million CDBG reallocation to La Colonia street and ADA project
Summary
City housing staff recommended reallocating $1 million in uncommitted Community Development Block Grant funds to the La Colonia Neighborhood Street Resurfacing and ADA Improvement Project to close a funding gap and meet HUD timeliness rules, increasing the project's CDBG allocation to $2 million; council action not recorded in the transcript.
Brenda Lopez, housing director for the City of Oxnard, told the City Council during a public hearing that staff recommends allocating $1,000,000 in uncommitted Community Development Block Grant (CDBG) funds to the La Colonia Neighborhood Street Resurfacing and ADA Improvement Project, raising the project's CDBG allocation to $2,000,000.
Lopez said the reallocation is intended to help the city comply with U.S. Department of Housing and Urban Development (HUD) timeliness requirements for CDBG spending and to close an identified funding gap for a shovel‑ready public infrastructure project in a predominantly low‑ and moderate‑income neighborhood.
HUD regulations limit an entitlement grantee's unexpended CDBG line‑of‑credit balance to 1.5 times its most recent annual grant…
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