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City board to consider reallocating $158,164 in CDBG funds to address late/returned projects
Summary
City staff proposed a substantial amendment reallocating $158,164.78 across FY23–FY25 CDBG plans to fund eligible community-development activities where projects completed under budget, returned funds, or were unable to proceed; HUD timeliness tests require expenditure by April 2026.
City funding staff presented a proposed substantial amendment to the city’s Community Development Block Grant (CDBG) annual action plans to reallocate $158,164.78 from completed, returned or stalled activities to other eligible uses.
Funding and Development Director Kathy Selman said the City of Hot Springs is an entitlement community under HUD…
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