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Oakland County moves $2.54M in program income into CDBG, earmarks rehab of 297 Troy senior units under tight April deadline
Summary
County staff converted $2,541,360 in legacy program income into Community Development Block Grant funds and amended the annual action plan to allocate money toward eligible activities, including a large rental‑rehab of 297 senior units in Troy; staff warned of an April 2026 spending timeliness deadline and outlined steps to meet it.
Oakland County commissioners approved an amendment to convert $2,541,360 in program income into the Community Development Block Grant (CDBG) program and to allocate those funds for eligible CDBG activities, county staff said.
Housing staff told the board the program income dates to an older Neighborhood Stabilization Program and must be converted into the CDBG fund. Staff described a plan that would move a substantial chunk of the funds to a rental‑rehab project in Troy known in staff materials as ‘‘920 on the Park’’ — a complete…
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