1. Public Hearing 2006-2007 Consolidated Action Plan for Housing & Community Development City of Hampton, Virginia April 26, 2006

2. Community Development Block Grant Program Primary objective is the development of viable urban communities by providing: Decent housing, A suitable living environment, and Economic opportunity. Activities must meet one of three national objectives: Benefit to low and moderate income persons, Aid in the prevention of slums and blight, or Meet an urgent need.

3. Home Investment Partnership Program Primary objective is to: Expand the supply of decent, safe, sanitary, and affordable housing, Strengthen the ability of local governments to provide housing, and Expand the capacity of non-profit community based housing development organizations. Matching Funds: 25% local match for HOME funded projects. Non-Profit Participation: 15% set-aside for certified Community Housing Development Organizations.

4. 2005-2010 Consolidated Plan for Housing & Community Development Priority Housing Needs Rehabilitation Homeownership Neighborhood and Housing Revitalization Rental Housing

5. FY 2006-2007 CDBG and HOME Allocations Community Development Block Grant Program $1,126,440 HOME Investment Partnership Program $703,6968

6. 2006-2007 CDBG and HOME Program Overview of Resources & Activities Community Development Block Grant (CDBG) Program $1,126,440 Estimated CDBG Program Income $150,000 CDBG Revolving Loan Fund$850,000 HOME Investment Partnership Program $703,696 Estimated HOME Program Income $250,000 Total Resources Available: $3,080,136

7. FY 2006-2007 Proposed Community Development Block Grant (CDBG) Activities 1Acquisition$514,053 2Disposition & Property Management$50,000 3Clearance$100,000 4Housing Services$183,000 5Phoebus Improvement League$64,387 6Support Services to Neighborhood Center Programs $130,000

8. FY 2006-2007 Proposed Community Development Block Grant (CDBG) Activities 7Neighborhood Planning$165,000 8Indirect Costs$50,000 9Contingency $20,000 Total CDBG Activities: $1,276,440 $1,276,440

9. FY 2006-2007 Proposed Community Development Block Grant (CDBG) Activities CDBG Revolving Loan Fund: 10Housing Acquisition/Rehabilitation$600,000 113% Home Improvement Loan Program $250,000 Total Revolving Loan Fund Activities: $850,000* * Proposed 2006-2007 Revolving Loan Fund Activities equals the Revolving Loan Fund Balance ($750,000) plus the Estimated Revolving Loan Fund Program Income ($100,000) for a total of $850,000.

10. FY 2006-2007 Proposed Community Development Block Grant (CDBG) Activities A: Blight Abatement/Housing Activities B: Community Capacity Building C: Public Services D: Economic Development E: Administration/Contingency

11. FY 2006-2007 Proposed Home Investment Partnership Program (HOME) Activities 12Homeowner Rehabilitation$327,772 13Homebuyer Assistance$100,000 14New Housing Construction$100,000 15Acquisition/Rehabilitation$250,000 16Community Housing Development Organizations Set-Aside (15%) $105,554 17Administration (10%) $70,370 Total HOME Activities: $953,696 $953,696 Total Activities: $3,080,136

12. FY 2003-2004 Proposed Home Investment Partnership Program (HOME) Activities A: Rehabilitation B: Homeownership C: Community Housing Development Organizations (CHDO’s) D: Administration

13. Action Plan Schedule March 23, 2006 Draft available for public comment April 26, 2006 Public Hearing at City Council Meeting May 3, 2006 City Council action May 15, 2006 Plan submitted to Department of Housing & Urban Development for review and approval