Executive Summary AP-05 Executive Summary - 24 CFR 91.200(c), 91.220(b) 1. Introduction Federal CDBG and HOME funds are intended to provide low and moderate income households with decent housing, a suitable living environment and expanded economic opportunities. Eligible activities include community facilities and improvements, housing preservation and rehabilitation, affordable housing development activities, public services, economic development, planning and administration. Mount Vernon’s allocations for FY 2016 are: $1,495,211 of CDBG funds and $371,551 in HOME funds. In addition to the anticipated resources listed below, the City anticipates receiving $1,090,417 in Continuum of Care funds to continue to assist homeless residents by providing housing and supportive services and to prevent homelessness by providing those at-risk of homelessness with supportive services. Funding priorities are based upon the following criteria: Meeting statutory requirements of the CDBG and HOME Programs Meeting the needs of low and moderate income (LMI) residents Focusing on LMI areas or neighborhoods Impacted areas of concentrated minorities or LMI persons Coordination and leveraging of resources Links to ongoing planning activities Response to expressed need Ability to demonstrate measurable progress and success It is anticipated that approximately 43 percent of CDBG funds will be utilized for neighborhood revitalization projects, including affordable housing, code enforcement, program delivery, residential rehabilitation and the commercial sign grant program. Approximately 37 percent will be utilized for public services and economic development, with the remaining 20 percent supporting planning and administration through the Mount Vernon Urban Renewal Agency. In addition, 75 percent of the HOME funds will be used for development and construction of affordable housing units, 15 percent allocated to non-profit Community Housing Development Organizations (CHDOs) and the remaining 10 percent allocated to program administration. A concentration of CDBG and HOME activities are proposed for Census Tracts which are located on the City’s south and west sides where there is a majority concentration of LMI households and the minority concentrations of Black/African American and Hispanic households are highest (>74 percent for Black/African American and 23.0 46.5 percent for –
Executive Summary AP-05 Executive Summary - 24 CFR 91.200(c), 91.220(b) 1. Introduction Federal CDBG and HOME funds are intended to provide low and moderate income households with decent housing, a suitable living environment and expanded economic opportunities. Eligible activities include community facilities and improvements, housing preservation and rehabilitation, affordable housing development activities, public services, economic development, planning and administration. Mount Vernon’s allocations for FY 2016 are: $1,495,211 of CDBG funds and $371,551 in HOME funds. In addition to the anticipated resources listed below, the City anticipates receiving $1,090,417 in Continuum of Care funds to continue to assist homeless residents by providing housing and supportive services and to prevent homelessness by providing those at-risk of homelessness with supportive services. Funding priorities are based upon the following criteria: Meeting statutory requirements of the CDBG and HOME Programs Meeting the needs of low and moderate income (LMI) residents Focusing on LMI areas or neighborhoods Impacted areas of concentrated minorities or LMI persons Coordination and leveraging of resources Links to ongoing planning activities Response to expressed need Ability to demonstrate measurable progress and success It is anticipated that approximately 43 percent of CDBG funds will be utilized for neighborhood revitalization projects, including affordable housing, code enforcement, program delivery, residential rehabilitation and the commercial sign grant program. Approximately 37 percent will be utilized for public services and economic development, with the remaining 20 percent supporting planning and administration through the Mount Vernon Urban Renewal Agency. In addition, 75 percent of the HOME funds will be used for development and construction of affordable housing units, 15 percent allocated to non-profit Community Housing Development Organizations (CHDOs) and the remaining 10 percent allocated to program administration. A concentration of CDBG and HOME activities are proposed for Census Tracts which are located on the City’s south and west sides where there is a majority concentration of LMI households and the minority concentrations of Black/African American and Hispanic households are highest (>74 percent for Black/African American and 23.0 – 46.5 percent for
2016-CDBGACTION-PLAN.docx