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IURA committee narrows reprogramming options to expedite CDBG spend-down; favors Southside fire-panel, Cleveland Avenue aid and contribution to Cass Park
Summary
Ithaca City IRA staff told the committee that roughly $205,000 in Community Development Block Grant funds can be reprogrammed immediately to address spend‑down shortfalls and recommended projects that can be executed quickly.
Ithaca City IRA staff told the committee that roughly $205,000 in Community Development Block Grant (CDBG) funds can be reprogrammed immediately, with a high-end estimate of about $235,000 depending on pending vouchers and returned awards. Staff framed the work as necessary to meet HUD timeliness requirements and avoid a larger spend‑down shortfall.
"What I'm, in essence, proposing is that we discuss how to reprogram 205 k right now," said Speaker 3, the IRA staff presenter. Staff also said the agency submitted a spend‑down workout plan to HUD that was accepted and noted the IRA currently is not meeting a roughly $75,000‑per‑month expenditure rate needed before May.
Why it matters: HUD requires jurisdictions to demonstrate timely use of CDBG allocations. Staff said the agency faces a shortfall in achievable spending…
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