CC 05-03-2022 Item No. 10. FY 22-23 Funding Allocations_Staff PresentationKerri Heusler, Housing Manager
May 3, 2022
FY 2022-23 City Housing & Human
Services Grants Program
Funding Allocations
CC 05-03-2022 Item No. 10
Timeline
Nov 10, 2021 Annual Notice of Funding
Availability (NOFA) / Request for
Proposals(RFP) issued
Feb 9, 2022 NOFA/RFP deadline
Apr 14, 2022 Housing Commission meeting
May 3, 2022 City Council meeting
Funding Sources
Capital Housing Projects:
1. Community Development Block
Grant (CDBG)
2. Below Market Rate (BMR) Affordable
Housing Fund (AHF)
1. CDBG FY 22-23 Budget
FY 22-23 Estimated CDBG Budget
Entitlement Amount $427,146.30
Program Income FY 20-21 $7,944.00
Sub-Total $435,090.30
Program Administration (20%)$87,018.06
Public Service (15%) $65,263.55
Capital/Housing Projects (65%)$282,808.70
Total $435,090.30
1. CDBG Capital Housing Funds
FY 22-23 Application Summary Funding Recommendations
Rebuilding Together Silicon
Valley- Repair and Accessibility
Modification Program for Low-
Income Homeowners
$88,966
WVCS Community Services -
Vista Village
Not recommended pending
resolution of HUD audit
Sub-Total $88,966
2. BMR AHF Capital Housing
Funds
•$6,000,000 current balance
•Notified 300+ contacts on the
City’s affordable housing and
developer list
•The City did not receive any
applications for FY 22-23
Reporting and Monitoring
●Ongoing Technical Assistance
●Quarterly / Annual Reports
●CDBG Compliance
Next Steps
●Authorize the City Manager to execute FY
2022-23 CDBG and BMR AHF funding
agreements