HomeMy WebLinkAbout16681 1 RESOLUTION NO. 16,681
2
3 A RESOLUTION TO SET MAY 20, 2025, AS THE DATE OF THE
4 PUBLIC HEARING REGARDING THE 2025 SOURCES AND USES OF
5 CDBG, HOME, AND HOPWA FUNDS FROM THE UNITED STATES
6 GOVERNMENT; AND FOR OTHER PURPOSES.
7
8 WHEREAS, as a Regulatory Requirement, a public hearing must be conducted regarding the
9 proposed uses of 2025 CDBG, HOME, and HOPWA Entitlement Funds which the City anticipates
10 receiving from the United States Department of Housing and Urban Development; and
11 WHEREAS, the City's projected 2025 Entitlement total of Three Million, Three Hundred Two
12 Thousand, Three Hundred Seventy-Seven and 57/100 Dollars ($3,302,377.57) and Four Hundred
13 Twenty-Six Thousand Six Hundred Fifty and 56/100 Dollars ($426,650.56) in 2024 program income
14 funds added to the entitlements; thereby making the total expected amount of Four Million, Two
15 Thousand, Twenty-Eight and 13/100 Dollars($4,002,028.13); and
16 WHEREAS, the proposed uses of the City's 2025 entitlement funds were developed with extensive
17 citizen participation, including one (1) public hearing and four (4) public meetings throughout the City
18 and a sixteen (16) member Consolidated Planning Committee; and prior to this public hearing, the
19 Consolidated Planning Committee have developed a slate of projects to recommend for Board approval so
20 that the public hearing will give citizens an additional opportunity to review and comment on the
21 proposed uses of the 2025 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 2025 Consolidated Planning Proposed Sources and Uses of Funding is attached as
27 Exhibit A.
28 Section 2: The City Clerk is hereby directed to give notice of such hearing in the manner described
29 by law by publication once a week for two (2) consecutive weeks in a newspaper published in Pulaski
30 County, Arkansas,and having a general circulation in the City of Little Rock.
31 Section 3: Severability. In the event any title, section, paragraph item, sentence, clause, phrase, or
32 word of this resolution is declared or adjudged to be invalid or unconstitutional, such declaration or
33 adjudication shall not affect the remaining portions of the resolution which shall remain in full force and
1 effect as if the portion so declared or adjudged invalid or unconstitutional was not originally a part of the
2 resolution.
3 Section 4; Repealer. All resolutions by laws, and other matters inconsistent with this resolution are
4 hereby repealed to the extent of such inconsistency.
5 ADOPTED: May 6,2025
6 ATTEST: APPROVED:
7
8 ACQ/M\I- sJ`i---/gN,
9 Allison Segars,City Cl Frank Scott Jr.,Mayo
10 APPROVED AS TO LEGAL FORM:
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12 11-00, IAA •
13 Thomas M. Carpenter,City A o ney
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2025 CONSOLIDATED PLANNING
SOURCES AND USES OF FUNDLNG
COMMUNITY DEVELOPMENT BLOCK GRANT:
5 OI'RCE S; ACTUAL
PROJECTED 2025 CDBG ALLOCATION S 1,525,020.00
TOTAL 5 1 525 010 00
LSE S:
* OWNER-OCCUPIED REHABILITATION $ 850,016.00
* WORLD CHANGER $ 100:000.00
CARELPk-MEALS ON WHEELS S 70,000.00
CHI-ST.V NCENT EAST CLLNIC S 200,000.00
ADMINISTRATION(20°0) S 305,004.00
TOTAL 5 1 010 00
JL )\ff_INVESTMENT PARTNERSHIPS PROGRAM;
SOURCES;
PROJECTED 2025 HOME ALLOCATION $ 719,890.57
2024 PROGRAM LNCOME S 426,650.56
REALLOCATED FUNDS S 273,000.00
TOTAL S L41954113
LSES:
HOMEBUYER ASSISTANCE (2024 PROGRAM LNCOME) $ 300,000.00
* NEW CONSTRUCTION(2024 PROGRAM LNCOME) S 83,98550
* NEW CONSTRUCTION $ 812,91793
CHDO SET ASIDE: S 107:983.58
ADMINISTRATION(10%OF 2024 PROGRAM INCOME) $ 42,665.06
ADMINISTRATION $ 71,989.06
TOTAL S 1_419 541 1}
ROUSING OPPORTUNITIES FOR PERSONS MTH AIDS;
SOURCES;
PROJECTED 2025 HOPWA ALLOCATION S 15)57 467.00
TOTAL 5 1 07 467 00
USES;
HOUSING ASSISTANCE AND RELATED SUPPORTIVE SERVICES S 1,025,742.99
GRANTEE ADJELNZSTRATION S 31,724.01
TOTAL S 1.057.467.00
1 • PORTICI^ CI THESE FUNDS HILL BE UTILIZED LN THE CITY Cr LITTLE ROCK OPPORTUNITY ZONE S.