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CC- CONSENT ITEM: (1) Approval of the Community Block Grant Fund Allocation for Fiscal Year 2025/2026; and (2) Adoption of a Resolution Authorizing the Filing of the Application for Funding.
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Meeting Date: November 11, 2024
Contact Person/Dept: Elizabeth Garcia/Office of Economic and Cultural Development
Phone Number: (310) 253-5708
Fiscal Impact: Yes [x] No [] General Fund: Yes [] No [x]
Attachments: Yes [x] No []
Public Notification: Notice Posted at City Hall (10/26/2024) (E-Mail) Meetings and Agendas - City Council (11/07/2024);
Department Approval: Jesse Mays, Assistant City Manager (10/30/2024)
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RECOMMENDATION
Staff recommends the City Council (1) approve allocation of Community Development Block Grant (CDBG) funds for Fiscal Year 2025/2026; and (2) adopt a resolution authorizing a filing of the Fiscal Year 2025/2026 application for funding from the CDBG program.
BACKGROUND/DISCUSSION
The Community Development Block Grant program is a federal program through the United States Housing and Urban Development (HUD) that provides financial assistance to communities to address a variety of community development needs such as public facilities, infrastructure, and housing among other things. The City receives an annual formulaic distribution each year to advance eligible projects. The City's CDBG funding for Fiscal Year 2025/2026 is anticipated to be approximately $177,484.13, however the actual amount will be determined by Los Angeles County in March 2025 after remittance of the City's CDBG application and can deviate from 2-3%.
In order to receive CDBG funds, participating cities must enter into a Cooperation Agreement with their County every three years to receive a percentage of the County's allocation of the CDBG funds. The City entered into a three-year Cooperation Agreement with Los Angeles County in 2023.
The CDBG program allows f...
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