Department of Planning & Development FY16 CAC Funding Requests.

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Presentation transcript:

Department of Planning & Development FY16 CAC Funding Requests

CDBG & ESG Program Administration CDBG & ESG Program Administration funds cover eligible staff and operating costs associated with the general management, oversight, coordination, and evaluation of these programs. CDBG Program Administration – max 20% of annual award ESG Program Administration – max 7.5% of annual award

CDBG & ESG Program Administration Request CDBG Program Admin. – $350,000 (20%) ESG Program Admin. – $5,000 (3.4%) Lakewood Park

Section 108 Loan Repayment HUD’s Section 108 Program provides an affordable source of financing for economic development, housing rehabilitation, public facilities, and larger-scale capital improvement projects by allowing local governments to transform a portion of their CDBG entitlement funds into federally-guaranteed loans ADA Accessibility Improvements to Lakewood Family YMCA

Section 108 Loan Repayment Request $7,100 Current balance: $35,617 FY 2016 Obligation: $42,708 Lakewood Park

Project Pride The Project Pride Code Enforcement Program utilizes CDBG funds to support Division of Building & Housing staff dedicated to enforcing building codes in Lakewood’s HUD- designated low-moderate income and slum-blight areas. Funding Request- $127,900

Detroit Avenue Streetscape Enhancements The Detroit Avenue Streetscape Enhancement Project will purposefully design and implement a layout that accommodates pedestrians, cyclists, bus riders, and those traveling by car. The need for this project is supported by the objectives identified in the Mobility Focus Area of Lakewood Community Vision. Funding Request- $60,000