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HC Resolution No. 17-03 Recomending Approval of the 2017-18 CDBG Annual Action Plan to City Council for Final AdoptionRESOLUTION NO . 17-03 A RESOLUTION OF THE HOUSING COMMISSION OF THE CITY OF CUPERTINO RECCOMENDING APPROVAL OF THE 2017-18 CDBG ANNUAL ACTION PLAN TO CITY COUNCIL FOR FINAL ADOPTION WHEREAS, the Housing and Community Development Act of 1974 provides thaf funds be made available for the Community Development Block Grant (CDBG) Program; and WHEREAS, the City of Cupertino wishes to apply for funds as an Entitlement Jurisdiction under said Act; and WHEREAS, the City of Cupertino estimates receiving a $307,952 CDBG entitlement grant from the United States Department of Housing and Urban Development (HUD) to be allocated for fiscal year 2017-18; and WHEREAS, the City of Cupertino estimates allocating $7,944 in CDBG program income for fiscal year 2017-18; and WHEREAS, The City of Cupertino estimates allocating up to $8,161 of available uncommitted CDBG funds from prior fiscal year 2016-17 for fiscal year 2017-18; and WHEREAS, the City of Cupertino is required to submit a fiscal year 2017-18 CDBG Annual Action Plan to HUD for review and approval prior to being allowed to expend CDBG funds for fiscal year 2017-18; and WHEREAS, the City of Cupertino put into place a CDBG Contingency Plan (Exhibit 1) because of the uncertainty in the federal budget and the revised timeline provided by HUD to submit the Action Plan; and BE IT FURTHER RESOLVED that the Housing Commission of the City of Cupertino hereby recommends approval of the fiscal year 2017-18 CDBG Annual Action Plan to City Council for final adoption; and PASS ED AND ADOPTED at a regular meeting of the Housing Commission of the City of Cupertino this 8th day of Tune, 2017 by the following vote : Vote Members of the Housing Commission A YES: Chair Daruwalla, Vice Chair Chu, Bose, Zhao NOES : none ABSENT : Kapil ABSTAIN: none ATTEST: Kerri Heu~ Senior Housing Planner APPROVED: Nffit!Jt::~ Chair, Housing Commission Exhibit 1 CDBG Contingency Plan In the case of funding increase, the following plan is recommended: @ Public Services ($47,331): Distribute the additional available amount in the public services cap until an applicant is fully funded. If an applicant reaches the funding amount requested, any remaining funds will be distributed to other applicants who have not yet reached the maximum funding amount. @ Administration ($63,107): Funds are to be allocated to the City of Cupertino for CDBG administration. General Fund allocation will be reduced accordingly. @ Capital/Housing Projects ($213 ,259): Distribute the additional available amount in the capital/housing projects cap until an applicant is fully funded. If an applicant reaches the funding amount requested, any remaining funds will be distributed to other applicants who have not yet reached the maximum funding amount. In the ca se of a funding decrease, the following plan is r e commended: @ Public Services ($47,331): Distribute any funding decrease proportionately among the remaining public service applicants, but maintain a minimum funding allocation of $15,000 for any applicant to the extent feasible . @ Administration ($63,107): Any decrease in funding will be supplemented by the General Fund for CDBG administration. @ Capital/Housing Projects ($213 ,259): Any decrease in funding will be supplemented by the Below Market Rate (BMR) Affordable Housing Fund (AHF) for CDBG capital/housing projects.