Meeting Date: May 2, 2024
To: Members of the Housing & Redevelopment Authority
From: Melissa Hanson, Housing Coordinator
Title
Community Development Block Grant (CDBG) 3rd Quarter Report of Fiscal Year (FY) 2023-2024.
Body
Action Requested:
HRA to receive into record 3rd Quarter Report of Community Development Block Grant (CDBG) Fiscal Year (FY) 2023-2024.
Summary Report:
Attachment #1 is the CDBG Dashboard provided by Dakota County CDA.
Residential Rehab
Manufactured Home Rehab and Single Family Rehab loans are both administered from this line item.
$0 unassigned 2022 and $16,196 unassigned 2023 CDBG funds remaining.
Down Payment Assistance
$25,461 remain for DPA through CDBG.
Alternative Options:
N/A
Financial Impacts:
None. This is a reimbursement program. HUD is anticipating a delay in receiving FY 2024 CDBG Funds. Usually funds are available in October of the FY.
Tentative Timelines:
N/A