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Davenport CAC awards nearly $200,000 in leftover CDBG funds to housing rehabilitation
Summary
At its Jan. 5 meeting, the Davenport City Citizens Advisory Committee found a reprogramming request eligible and voted to award $199,614.33 in leftover program-year funds to the housing rehabilitation revolving loan fund, citing HUD caps and CAC reprogramming rules.
The Davenport City Citizens Advisory Committee voted Jan. 5 to award $199,614.33 in leftover program-year Community Development Block Grant (CDBG) funds to the housing rehabilitation revolving loan fund.
City staff member Heather told the committee that unspent and unobligated funds from the program year become eligible for reprogramming after the city completes its year-end audit. She said revolving loan funds are generally excluded from reprogramming, but the housing rehabilitation revolving loan program applied for the leftover funds and met the CAC's eligibility parameters. "The funding…
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