Community Development Financial Plan

Page 1

2020-2024 Community Development Financial Plan

2020-2045 Expected Community Development Funds $97,809,614

Community Development Block Grant $64,179,485 HOME Investment Partnership $28,180,913 Emergency Solutions Grant $5,449,215

The Community Development Block Grant Program expects to receive an annual allocation of $1,828,984. Funding shall be utilized for acquisition/demolition, infrastructure improvements, grant administration, single-family housing rehabilitation, public improvements and public service projects throughout the 29 participating communities throughout the County. The HOME Investment Partnership Program anticipates receiving $802,589 annually to be utilized for rehabilitation of single-family homes, construction of affordable housing, tenant based rental assistance, and grant administration. The Emergency Solutions Grant funds are expected at $155,193 annually which will be utilized for emergency shelter operations, HMIS administration, grant administration, rapid rehousing, and homeless prevention services. All funding estimates are based on the 2019 annual allocation and will be adjusted according to the actual allocation provided by HUD per year.

2020-2024 Community Development Financial Plan Page 1


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