Background
The purpose of this public hearing is to receive final comments on the proposed:
1) Draft 2024 Annual Action Plan including the Community Development Block Grant (CDBG) budget for program year October 1, 2024 – 2025; and
2) Draft Substantial Amendments to the 2020-2024 Consolidated Plan.
Subjects of Public Hearing
1. 2024 Annual Action Plan including the CDBG Budget
The 2024 Annual Action Plan states how the Village will address its community development need, especially those of its low- and moderate-income residents, during the October 1, 2024 – September 30, 2025 program year including how the Village will use its available CDBG funds.
The draft of the 2024 Annual Action Plan is provided as Exhibit A. The draft has been updated to include information from the public participation process that has occurred to-date including any public comments received during 30-day the public comment period. The 2024 Annual Action Plan will require a final update to reflect public comments and discussions at the Village Board meeting on July 15, 2024 prior to submission to HUD.
Since the annual CDBG budget has historically been of particular interest to members of the community, the draft 2024 CDBG allocations are provided as a separate exhibit for the convenience of the Village Board and the public. See Exhibit B.
2. 2020-2024 Consolidated Plan Substantial Amendments
This public hearing is also being held to discuss proposed amendments to the 2020-2024 Consolidated Plan. When the 2020-2024 Consolidated Plan was adopted, the possibility was envisioned that the Village might use $100,000 of its CDBG funding for an economic development project and $25,000 for a rental unit preservation project during the 5-year Consolidate Plan period.
The high priority activities of affordable rental housing and economic development were addressed during the 5-year Consolidated Plan period using resources other than CDBG funds. A copy of the sections of the 2020-2024 Consolidated Plan with proposed amendment is provided at Exhibit C.