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HomeMy WebLinkAbout2022-06-27 22-238 OrderCITY COUNCIL ACTION Council Meeting Date: Item No: Responsible Dept: Requested Action: Summary Committee Action Meeting Date: For: Against: City Manager City Solicitor Finance Director Map/Lot: Introduced for: Order Committee: Action: Staff Comments & Approvals Date: Item No: Assigned to Councilor: 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