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Council approves amendments moving CDBG and HOME funding toward homebuyer and weatherization assistance
Summary
Council approved a substantial amendment reallocating modest CDBG balances into housing programs and roughly $800,000 in HOME funds into homebuyer assistance to support down‑payment and closing‑cost aid for low‑ and moderate‑income households.
Council approved the 2024–25 annual action plan amendment that redirects older CDBG balances and HOME program dollars toward housing assistance.
Monica Mayhark, community engagement manager, explained staff proposes moving $8,000 from disposition/acquisition accounts into housing programs to support weatherization, energy improvements and accessibility work — enough to assist an estimated two to three households. She also said staff identified over $800,000 to reallocate into a homebuyer assistance program aimed at providing down‑payment and closing‑cost support for first‑time, low‑ and moderate‑income buyers, estimating support for roughly 25–30 households.
Council asked clarifying questions about previously funded rehabilitation projects and whether CARES Act funds had been reallocated; staff said CARES funds set aside earlier remain dedicated to those projects. After closing a public hearing with no speakers, council moved and approved the amendment.
