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Consider approval of the City’s 2011-2012 CDBG Annual Action Plan.
Strategic Goal 1: Strengthen the City’s role as a place for economic activity through job creation, business location and expansion, redevelopment, and tourism.
Strategic Goal 2: Strengthen and enhance neighborhoods and business centers of Old Town.
Strategic Goal 3: Assist Housing Development Corporation of Rock Hill in the development of programs and services that increase affordable housing opportunities offered to low and moderate income families.
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We have entered into our 2011-2012 Community Development Block Grant Funding Cycle. The U.S. Department of Housing and Urban Development is estimating our allocation to be $434,702 which is less than our original estimation of $463,338. The attached chart is an update to the recommended funding levels presented at the April 11 Council meeting. We were required to cut $28,636 from the budget; the recommendation to cut $10,000 from the Commercial Facade Program, $10,000 from the Residential Facade Program, and $8,636 from the Public Works Project. If projects are funded at the recommended amounts, the budget will be balanced.
Per U.S. Department of Housing and Urban Development regulations, we are completing a 30-day public comment period and a public meeting was held on April 21. No comments have been received to date.