Item4-For May 2024 CDC Backup - Draft FY 25-29 Consolidated Plan Summary Brief — original pdf

Backup

Draft FY 25-29 Consolidated Plan Summary Brief The City of Austin’s draft Consolidated Plan proposes how to allocate funding for the next 5 years of federal entitlement grants from the U.S. Department of Housing & Urban Development, from October 1, 2024 to September 30, 2029. The public services and programs from this federal funding address community needs like affordable housing, job creation, and public service support for low- and moderate-income families, persons with disabilities, and seniors. Each year the City of Austin receives the following grant entitlements from HUD: • Community Development Block Grant (CDBG) • HOME Investment Partnerships Grant (HOME) • Emergency Solutions Grants (ESG) • Housing Opportunities for Persons with AIDS (HOPWA) By incorporating robust community dialogue, the City of Austin Housing Department has prepared estimates of allocations for each of the next 5 years of HUD entitlement funding to meet resident needs. Feedback was gathered through virtual and in-person community meetings and a community-wide survey on www.SpeakUpAustin.org/MyCommunityNeeds. HUD determines how much funding cities and counties will receive annually based on a formula, with the dollar amounts fluctuating each year. As of May 2, 2024, HUD has not released funding allocations for the upcoming fiscal year (FY 25). Therefore, per guidance from HUD, the draft FY 25-29 Consolidated Plan and FY 25 Action Plan are written using estimates of anticipated funding. The estimations of total funding and service goals by program for the upcoming 5 years can be found in section SP-45 Goals Summary of the draft Consolidated Plan. Additionally, estimated funding amounts over 5 years are shown proportionally in this summary document. Considerations in this draft of the Consolidated Plan for FY 2025-29: • The Tenants’ Rights Assistance (TRA) program will no longer be funded by CDBG and will be funded by local dollars. CDBG funding previously allocated toward TRA will be allocated toward Childcare Services for all five years. • The Architectural Barrier Removal – Renter program will no longer be funded by CDBG. • Infrastructure development will e funded by CDBG annually at $2,500,000 for five years. Funding amounts are estimated using the actual allocations made in the most recent Fiscal Year, 2023-2024. Since HUD does not provide information for how much funding the City will receive over 5 years, staff will adjust program funding amounts proportionally each year. Once FY 2025 funding allocations are released by HUD, the City’s FY 2025 Action Plan (included within the Consolidated Plan) will be updated to reflect those dollar amounts. CDBG Funding Over 5 Years of Consolidated Plan Program Childcare Services Senior Services Mental Health Services Year 1 FY 25 $779,122 $129,052 $196,179 Year 2 FY 26 $779,122 $129,052 $196,179 Year 3 FY 27 $779,122 Year 4 FY 28 $779,122 Year 5 FY 29 $779,122 $129,052 $129,052 $129,052 $196,179 $196,179 $196,179 ABR-O $1,260,332 $1,260,332 $1,260,332 $1,260,332 $1,260,332 $644,853 $644,853 $644,853 $644,853 $644,853 $380,345 $380,345 $380,345 $380,345 $380,345 $2,500,000 $2,500,000 $2,500,000 $2,500,000 $2,500,000 Administration $1,472,471 $1,472,471 $1,472,471 $1,472,471 $1,472,471 $7,362,354 $7,362,354 $7,362,354 $7,362,354 Total Estimated Funding $7,362,354 Total Estimated Funding $3,895,610 $645,260 $980,895 $6,301,660 $3,224,265 $1,901,725 $12,500,000 $7,362,354 $29,449,415 Funded through CDBG Revolving Loan Funds* Year 1 FY 25 $40,000 Year 2 FY 26 $40,000 Year 3 FY 27 $40,000 Year 4 FY 28 $40,000 Year 5 FY 29 $40,000 Total Estimated Funding $200,000 $55,000 $55,000 $55,000 $55,000 $55,000 $275,000 Minor Home Repair Homeowner Rehabilitation Loan Program Infrastructure Development Program Homeowner Rehabilitation Loan Program Ownership Housing Development Assistance *Revolving Loan funds are anticipated amounts paid back to CDBG loan programs Funded through Section 108* Program Family Business Loan Program Year 1 FY 25 $1,750,000 Year 2 FY 26 $1,750,000 Year 3 FY 27 - Year 4 FY 28 - Year 5 FY 29 - Total Estimated Funding $3,500,000 * Section 108 funds provide CDBG recipients with the ability to leverage their annual grant allocation to the access low- cost flexible financing for economic development, housing, public facility, and infrastructure projects.  Program Tenant-Based Rental Assistance Downpayment Assistance Rental Housing Development Assistance (CHDO) Ownership Housing Development Assistance (CHDO) CHDO Operating Expense Grants Total Estimated Funding Program Downpayment Assistance Homeowner Rehabilitation Loan Program Rental Housing Development Assistance Administration HOME Funding Over 5 Years of Consolidated Plan Year 1 FY 25 $1,500,000 Year 2 FY 26 $1,500,000 Year 3 FY 27 $1,500,000 Year 4 FY 28 $1,500,000 Year 5 FY 29 $1,500,000 Total Estimated Funding $7,500,000 $1,021,402 $1,021,402 $1,021,402 $1,021,402 $1,021,402 $270,140 $270,140 $270,140 $270,140 $270,140 $270,140 $270,140 $270,140 $270,140 $270,140 $5,107,010 $1,350,700 $1,350,700 $900,000 $180,000 $180,000 $180,000 $180,000 $180,000 Administration $360,187 $360,187 $360,187 $360,187 $360,187 $1,800,935 $3,601,869 $3,601,869 $3,601,869 $3,601,869 $3,601,869 $18,009,345 Funded with HOME Program Income (PI) Year 1 FY 25 $400,000 $200,000 Year 2 FY 26 $200,000 $100,000 Year 3 FY 27 $100,000 $50,000 Year 4 FY 28 - Year 5 FY 29 - - - Total Estimated Funding $700,000 $350,000 $200,000 $200,000 $200,000 $200,000 $200,000 $1,000,000 $81,818 $81,818 $81,818 $81,818 $81,818 $409,090 Funded through ESG Year 1 FY 25 $313,922 Year 2 FY 26 $313,922 Year 3 FY 27 $313,922 Year 4 FY 28 $313,922 Year 5 FY 29 $313,922 Total Estimated Funding $1,569,610 $291,274 $291,274 $291,274 $291,274 $291,274 $1,456,370 $22,000 $22,000 $22,000 $22,000 $22,000 $110,000 $31,000 $31,000 $31,000 $31,000 $31,000 $155,000 Funded through HOWPA Year 1 FY 25 $1,018,881 Year 2 FY 26 $1,018,881 Year 3 FY 27 $1,018,881 Year 4 FY 28 $1,018,881 Year 5 FY 29 $1,018,881 $1,358,508 $1,358,508 $1,358,508 $1,358,508 $1,358,508 Total Estimated Funding $5,094,405 $6,792,540 $153,203 $153,203 $153,203 $153,203 $153,203 $766,105 Program Shelter Operation & Maintenance Rapid Rehousing Programs Homeless Management Information System (HMIS) Administration Program AIDS Services of Austin Project Transitions Integral Care ATCIC ASHwell Administration $80,108 $59,578 $59,578 $80,108 $59,578 $80,108 $59,578 $80,108 $59,578 $80,108 $297,890 $400,540