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Fiscal
Year 2009
Community Development Block Grant Funds |
The
City of Rapid City is a HUD Community Development Block Grant
Entitlement City and receives an annual allocation of funds
with which to complete projects and programs that benefit low
and moderate income residents. Our annual allocation is adjusted
each year based on the funds allocated by Congress and the formula
determination for Entitlement Cities.
Completed
applications for Fiscal Year 2009 must be received by the
Community Development Division
C/SAC Building
300 Sixth Street, Rapid City
by
4:00 p.m. on Wednesday, October 15, 2008
The
Fiscal Year 2009 CDBG funds available for disbursement
to qualifying projects and services for Rapid City is
estimated to be:
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$507,000 |
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HUD
Community Development Block Grant Funds |
$
3,000 |
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Revolving
Loan Income and Program Income from rehab loan repayments
and lease payments
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$510,000 |
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Estimated
total funds available for disbursement |
All
projects or programs requesting CDBG funds will be reviewed
for compliance with HUD's National Objectives and eligibility
requirements as set forth in federal regulation 24 CFR
570.
Applications will be reviewed by the Subsidy Committee
for compliance and eligibility in regards to the following
points:
- Meets
a HUD national objective;
- Meets
a High Priority need as identified in the 2008-2012
Rapid City Consolidated Plan;
- Project
is an eligible CDBG activity;
- Project
is not an ineligible activity of an eligible activity;
- More than
70% of the funds will be used to benefit low-to-moderate
income persons;
- Costs
expended are reasonable for the activity and number
of people benefiting;
- Percent
of CDBG funds in relationship to total funds needed
for a program;
- If a public
service activity, is it a new program or a significant
increase over the previous year?
- If previous
recipient, were funds drawn down in a timely fashion?
- If previous
recipient, were reports submitted in a timely fashion?
The
Subsidy Committee will submit recommendations for funding
allocations for the fiscal year Annual Action Plan to
the City Council for their review, discussion and preliminary
approval. The Annual Action Plan will then be made available
for public for their review and comment for a time period
of 30 days prior to resubmitting the plan to City Council
for review, possible amendments and final approval. Once
City Council has given final approval, the plan will be
sent to the Department of Housing and Urban Development
for their review and approval. HUD has 45 days to review,
comment on and approve or deny the plan. Funds will be
released to sub-grantees after Congressional release of
the funding and HUD approval of the plan.
The
City's CDBG fiscal year begins April 1st of each year
and closes out March 31st of the following year. If you
are selected as a sub-recipient of Community Development
Block Grant funding you will receive training on the reporting,
documentation and disbursement procedures and requirements.
A CDBG contract will be executed and an Environmental
Review or Assessment must be completed prior to any commitment
or disbursement of funds. The earliest funds would be
disbursed is May of the fiscal year.
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Should you have any questions please contact
Administrative Offices
300 Sixth Street (Mailing)
333 Sixth Street (Physical)
Rapid City, South Dakota 57701
Phone: (605) 394-4181 FAX: (605) 355-3520
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