HomeMy WebLinkAbout2022-06-27 22-238 OrderCITY COUNCIL ACTION
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City Manager City Solicitor Finance Director
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June 27, 2022
Attachment #1
CITY OF BANGOR
FY2022 Community Development Block Grant Program
Proposed Community Development Activities
July 1, 2022 to June 30, 2023
CDBG FUNDING SOURCES AVAILABLE FOR USE
CDBG Entitlement Grant:$836,831
Projected Program Income from CDBG funded loan repayments:250,000
TOTAL CDBG FUNDS AVAILABLE FOR USE$1,086,831
PROGRAM OBJECTIVES AND PROJECTED USE OF FUNDS
The primary objective of the City of Bangor Community Development Program is the development of a viable
urban community by providing decent housing, a suitable living environment and expanding economic opportunities, principally for
persons of low- and moderate-income. Consistent with this primary objective, Bangor's FY 2023 program year (funded with Federal
FY 2022 funds) specific objectives and projected use of funds are:
SUPPORT AFFORDABLE HOUSING
The need to add and maintain safe and affordable housing for LMI City-wide$200,000
individuals and families is a priority for the CDBG program. Staff
will collaborate with community partners to work to increase
affordable housing in the City.
SOCIAL SERVICES / NON-PROFIT FUNDING
Non-profit funding for service organizations that serve LMI persons City-wide$150,000
PROPERTY REHABILITATION /
HOMEOWNERSHIP ASSISTANCE
Low interest and deferred payment loans for rehabilitation of City-wide$223,000
LMI, owner-occupied, single-family homes and
multi-family rental units. Also down payment and/or closing
costs assistance to increase single family homeowners.
NEIGHBORHOOD STABILIZATION / STIMULATE
ECONOMIC GROWTH
This activity would allow allow for projects such as: continued City-wide$96,541
work to purchase, and the possible demolition or rehabilitation of
eligible forclosed, vacant, and abandoned properties; improve
the safety and livability of eligble neighborhoods; historic
preservation; direct financial support to eligible businesses;
and the temporary management of eligble properties.
PUBLIC IMPROVEMENTS
$200,000
Street and sidewalk improvements in eligible neighborhoods.City-wide
PROGRAM ADMINISTRATION
Oversight, management, and monitoring of CDBG Program$217,290
activities and reimbursement to City departments for services
provided in support of CDBG Program activities.
TOTAL PROPOSED CDBG FUNDED ACTIVITIES
$1,086,831
CATT #1 - CO CDBG-Budget & Activities FY2022
IN CITY COUNCIL
JUNE 27, 2022
CO 22-238
Passed
CITY CLERK