HomeMy WebLinkAbout16221 1 RESOLUTION NO. 16,221
2
3 A RESOLUTION TO SET FEBRUARY 20, 2024, AS THE DATE OF
4 PUBLIC HEARING REGARDING THE SOURCES AND USES OF FUNDS
5 PROVIDED IN THE 2024 CDBG, HOME AND HOPWA FUNDS FROM
6 THE UNITED STATES GOVERNMENT; AND FOR OTHER PURPOSES.
7
8 WHEREAS, as a Regulatory Requirement, a public hearing must be conducted regarding proposed
9 uses of 2024 CDBG, HOME and HOPWA Funding which the City expects to receive from the United
10 States Department of Housing and Urban Development; and,
11 WHEREAS, the City's projected 2024 Entitlements total Three Million, Three Hundred Sixty-Five
12 Thousand, Four Hundred Dollars($3,365,400.00),with funds in the amount of Two Hundred Twenty-Two
13 Thousand, Five Hundred Eighteen and 14/100 Dollars($222,518.14) from the 2023 Program added to the
14 entitlements, thereby making the total expected amount Three Million, Five Hundred Eighty-Seven Thou-
15 sand,Nine Hundred Eighteen and 14/100 Dollars($3,587,918.14); and,
16 WHEREAS, the proposed uses of the City's 2024 Entitlement Funds were developed with extensive
17 citizen participation, including one (1) public hearing, four(4) public meetings throughout the City and a
18 sixteen (16)-member Consolidated Planning Committee; and prior to this public hearing, the
19 Consolidated Planning Committee developed a slate of projects to recommend for Board approval so that
20 the public hearing will give citizens an additional opportunity to review and comment on the proposed uses
21 of the 2024 CDBG, HOME and HOPWA Funding; and,
22 WHEREAS, the Consolidated Planning Committee will submit an allocation of funds as its
23 recommendation to the Board.
24 NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY
25 OF LITTLE ROCK,ARKANSAS:
26 Section 1. The 2024 Consolidated Planning Proposed Sources and Uses of Funding is attached as
27 Exhibit A.
28 Section 2. Severability. In the event any title, section, paragraph, item, sentence, clause, phrase, or
29 word of this resolution is declared or adjudged to be invalid or unconstitutional, such declaration or
30 adjudication shall not affect the remaining portions of the resolution which shall remain in full force and
31 effect as if the portion so declared or adjudged invalid or unconstitutional was not originally a part of the
32 resolution.
33 Section 3. Repealer. All resolutions, bylaws, and other matters inconsistent with this resolution are
34 hereby repealed to the extent of such inconsistency.
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1 ADOPTED: February 6,2024
2 4 , ' . APPROVED:
3 IP
4 /-re )%‘,•A
5 fi .ley,City Clerk Frank Scott,Jr.,
6 A'ot,
b D AS TO LEGAL FORM:
7
8
9 Thomas M. Carpenter, ity Att ney
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Exhibit A
2024 CONSOLIDATED PLANNING
SOURCES AND USES OF FUNDING
COMMUNITY DEVELOPMENT BLOCK GRANT:
SOURCES: AMOUNTS
PROJECTED 2024 CDBG ALLOCATION $ 1,484,369.00
TOTAL $ 1,484,369.00
USES:
* OWNER-OCCUPIED REHABILITATION $ 900,495.20
LANDBANK $ 5,000.00
CARELINK - MEALS ON WHEELS $ 70,000.00
CHI-ST. VINCENT EAST CLINIC $ 200,000.00
CENTER FOR ARKANSAS LEGAL SERVICES $ 12,000.00
ADMINISTRATION (20%) $ 296,873.00
TOTAL $ 1,484,369.00
HOME INVESTMENT PARTNERSHIP PROGRAM:
SOURCES:
PROJECTED 2024 HOME ALLOCATION $ 844,274.00
2023 PROGRAM INCOME $ 222,518.14
TOTAL $ 1,066,792.14
USES:
* NEW CONSTRUCTION (2023 PROGRAM INCOME) $ 200,263.33
* NEW CONSTRUCTION $ 633,205.50
CHDO SET-ASIDE: $ 126,641.10
ADMINISTRATION (10% OF 2023 PROGRAM INCOME) $ 22,251.81
ADMINISTRATION $ 84,427.40
TOTAL $ 1,066,792.14
HOUSING OPPORTUNITIES FOR PERSONS WITH AIDS:
SOURCES:
PROJECTED 2023 HOPWA ALLOCATION $ 1,036,757.00
TOTAL $ 1,036,757.00
USES:
HOUSING ASSISTANCE AND RELATED SUPPORTIVE $ 933.081.30
SERVICES
PROJECT SPONSORS ADMINISTRATION $ 72.572.99
GRANTEE ADMINISTRATION $ 31.102.71
TOTAL $ 1.036.757.00
* PORTION OF THESE FUNDS WILL BE UTILIZED IN THE CITY OF LITTLE ROCK OPPORTUNITY
ZONES.
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