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City presents CDBG and HOME funding recommendations; public comment period opens
Summary
Staff recommended allocations for the city’s CDBG and HOME programs, noted inflation’s erosion of purchasing power over several years, and opened a public comment period ahead of the August adoption of the annual action plan.
City staff presented recommended allocations for Community Development Block Grant (CDBG) and HOME Investment Partnerships (HOME) funds and opened a public comment period for the annual action plan.
Galen Price summarized five years of allocations and highlighted the cumulative effect of inflation on spending power: staff estimates the reduction in real purchasing power has cost the city the…
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