HomeMy WebLinkAbout2023-05-08 23-144 OrderCITY COUNCIL ACTION
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23-144
MAY 8,2023
Attachment
CITY OF BANGOR
FY 2023 Community Development Block Grant (CDBG) Program
Proposed Community Development Activities
J u ly 1, 2023 to J u ne 30, 2024
CDBG FUNDING SOURCES AVAILABLE FOR USE
CDBG Entitlement Grant: $ 817,546
Projected Program Income from CDBG funded loan repayments: 250,000
TOTAL CDBG FUNDS AVAILABLE FOR USE $ 1,067,546
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 2024 program year(funded with Federal
FY 2023 funds)specific objectives and projected use of funds are:
Activity Name & Description Location(s� Fundinq ($�
BUSINESS DEVELOPMENT ASSISTANCE &
FACADE GRANTS City-wide
Commercial, Industrial, Downtown Revitalization, Handicap Downtown $ 200,000
Access Loans and Assistance, and Facade Grants
SOCIAL SERVICES/ NON-PROFIT FUNDING
Non-profit funding program for service organizations City-wide $ -
PROPERTY REHABILITATION /
HOMEOWNERSHIP ASSISTANCE
Low interest and deferred payment loans for rehabilitation of City-wide $ 160,000
lower-income, owner-occupied,single-family homes and
multi-family rental units.Also down payment and/or closing
costs assistance to increase single family homeowners.
SUPPORTIVE AFFORDABLE HOUSING
The need to add and maintain safe and affordable housing for LMI City-wide $ 300,000
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.
PUBLIC IMPROVEMENTS
Street and sidewalk improvements in eligible neighborhoods City-wide $ 200,000
PROGRAM ADMINISTRATION
Oversight, management, and monitoring of CDBG Program $ 207,546
activities and reimbursement to City departments for services
provided in support of CDBG Program activities
TC►TAL PI�C►Pt��EC� CC�B� FUNL�Ea A�T[VITIES � �,t�������
23-144 ATT-CDBG-Authorizing FY23 Annual Action Plan
IN CITY COUNCIL
MAY 8, 2023
CO 23-144
Motion made and seconded for Passage
Passed
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CITY CLERK