HomeMy WebLinkAbout16728 1 RESOLUTION NO. 16,728
2
3 A RESOLUTION TO APPROVE THE SOURCES AND USES OF FUNDS
4 PROVIDED IN THE 2025 CDBG, HOME AND HOPWA FUNDS FROM
5 THE UNITED STATES DEPARTMENT OF HOUSING & URBAN
6 DEVELOPMENT; AND FOR OTHER PURPOSES.
7
8 WHEREAS, as a Regulatory Requirement, a public hearing must be conducted regarding the
9 proposed uses of 2025 Community Development Block Grant (CDBG), HOME Investment Partnerships
10 (HOME)and Housing Opportunities for Persons With AIDS (HOPWA) Funds,which the City anticipates
11 receiving from the United States Department of Housing and Urban Development; and
12 WHEREAS, the City's projected 2025 Entitlement total of Three Million, Three Hundred Two
13 Thousand, Three Hundred Seventy-Seven and 57/100 Dollars ($3,302,377.57) , Two Hundred
14 Seventy-Three Thousand (273,000.00) in reallocated funds, and Four Hundred Twenty-Six
15 Thousand Six Hundred Fifty and 56/100 Dollars ($426,650.56) in 2024 program income funds
16 added to the entitlements; thereby making the total expected amount of Four Million, Two
17 Thousand, Twenty-Eight and 13/100 Dollars ( $4,002,028.13); and
18 WHEREAS, the proposed uses of the City's 2025 entitlement funds were developed with
19 extensive citizen participation, including one (1) public hearing and four (4) public meetings
20 throughout the City and a sixteen (16) member Consolidated Planning Committee; and prior to
21 this public hearing, the Consolidated Planning Committee have developed a slate of projects to
22 recommend for Board approval so that the public hearing will give citizens an additional
23 opportunity to review and comment on the proposed uses of the 2025 CDBG, HOME and
24 HOPWA funding; and
25 WHEREAS, the Consolidated Planning Committee will submit an allocation of funds as its
26 recommendation to the Board.
27 NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY
28 OF LITTLE ROCK,ARKANSAS:
29 Section 1: The 2025 Consolidated Planning Proposed Sources and Uses of Funding is attached as
30 Exhibit A.
31 Section 2: 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
1 adjudication shall not affect the remaining portions of the resolution which shall remain in full force and
2 effect as if the portion so declared or adjudged invalid or unconstitutional was not originally a part of the
3 resolution.
4 Section 4; Repealer. All resolutions by laws, and other matters inconsistent with this resolution are
5 hereby repealed to the extent of such inconsistency.
6
7 ADOPTED: May 20,2025
8 ATTEST: APPROVED:
9 •
10
11 Allison Segars,Ci d Frank Scott� yor
12 APPROVED AS TO LEGAL FORM:
13
15 Thomas M.Carpenter,City Attorne
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2025 CONSOLIDATED PLANILXG
SOURCES AND USES OF FUNDLNG
CONL\IUNITY DEVELOPMENT BLOCK GRANT:
SOURCES; ACTUAL
PROJECTED 2025 CDBG ALLOCATION S 1.525.020.00
TOTAL S 1 525 020.00
USES:
* OWNER-OCCUPIED REHABILITATION S 850,016.00
* WORLD CHANGER S 100,000.00
CARELINK-MEALS ON WHEELS S 70,000.00
CHI-ST.VINCENT EAST CLINIC S 200,000.00
ADMINISTRATION (20°o) S 305,004.00
TOTAL S 1 5.1; 070 00
HOW_INTTSTMIENT PARTNERSHIPS PROGRAM;
SOFRCE S;
• PROJECTED 2025 HOME ALLOCATION S 719,890.57
2024 PROGRAM INCOME S 426,650.56
REALLOCATED FUNDS S 273,000.00
TOTAL S L419 541 13
LSE :
HOMEBUVER ASSISTANCE (2024 PROGRAM INCOME) S 300,000.00
• NEW CONSTRUCTION(2024 PROGRAM INCOME) S 83,985.50
* NEW CONSTRUCTION S 812,917.93
CHDO SET-ASIDE: S 107,983.58
ADMINISTRATION (10°o OF 2024 PROGRAM INCOME) S 42,665.06
ADMINISTRATION S 71,989.06
TOTAL S 1_419 s41 1}
HOUSING OPPORTUNITIES FOR PERSONS WITH AIDS;
SOURCES;
PROJECTED 2025 HOP«A ALLOCATION S 1 Q 7 467 00
TOTAL 1 0;7 467(10
USES;
HOUSING ASSISTANCE AND RELATED SUPPORTIVE SERVICES S 1,025,74299
GRANTEE ADM]NISTRATIO\ S 31.724.01
TOTAL S 1.057.467.00
1 • P(RTICI(1 THE SE FUNDS WILL BE t?ILIZED LN THE CITY OF LITTLE ROCK OPPORTUNITY LONE S.