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HomeMy WebLinkAboutAgenda Report - February 5, 1997 (74)CITY OF LODI COUNCIL COMMUNICATION AGENDA TITLE: Set Public Hearing for March 5, 1997 to consider and approve Community input and proposals for uses of the City's 1997-98 Federal allocations of Community Development Block Grant (CDBG) and HOME Funds. MEETING DATE: February 5, 1997 PREPARED BY: Community Development Director RECOMMENDED ACTION: That the City Council set a Public Hearing for March 5, 1997 tc consider and approve potential uses of Federal funds received through the CDBG and HOME programs for the 1997-98 fiscal year. BACKGROUND INFORMATION: The City anticipates receiving approximately $754,000 in CDBG funds and approximately $190,000 in HOME funds from the Federal government for the coming fiscal year. The CDBG funds can be used for a wide range of community development projects as long as they meet one of the National objectives. The objectives are: 1) To address the needs of low to moderate income persons. 2) To eliminate slum or blighted conditions. 3) To resolve an urgent need. The HOME funds are reserved for housing and housing related activities such as rehabilitation and new construction. Activities undertaken with HOME funds must also meet the needs of low to moderate income persons. FUNDING: Federal Community Development Block Grant funds and HOME funds. Konradt Bartlam Community Development Director Prepared by Eric W. Veerkamp, Associate Planner [Jf�J APPROVED: zz H. Dixon Flynn -- City Manager Cc9702 01/29/97