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CDBG in 2009

CDBG in 2009. NCDA Annual Conference San Antonio, TX June 18, 2009. CDBG in 2009. Overview of Office of Block Grant Assistance CDBG Section 108 CDBG Disaster Recovery Neighborhood Stabilization Program. CDBG. FY 2009 appropriation - $3.641 billion Recovery Act - $1 billion

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CDBG in 2009

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  1. CDBG in 2009 NCDA Annual Conference San Antonio, TX June 18, 2009

  2. CDBG in 2009 • Overview of Office of Block Grant Assistance • CDBG • Section 108 • CDBG Disaster Recovery • Neighborhood Stabilization Program

  3. CDBG • FY 2009 appropriation - $3.641 billion • Recovery Act - $1 billion • FY 2010 budget request - $4.45 billion • $150 million for sustainable communities • CDBG Reform • Formula • “Hold harmless” approach

  4. CDBG Issues • IDIS launch • Data quality • Why it is critical • Growing focus • Administrative costs including housing rehab, code enforcement and activity delivery costs • Analysis of impediments/AFFH

  5. CDBG Issues • Technical assistance • Just awarded FY 2008 competitive funds • Roughly $1 million to Community Connections and College of Experts • Considering options for $5 million in FY 2009 funds • TA in FY 2010 under umbrella of Secretary’s Transformation Initiative

  6. Section 108 • $265 million in guarantee authority for FY 2009 • FY 2010 budget proposal to turn Section 108 into fee based program • Eliminate need for credit subsidy appropriation • Number of substantial proposals in hand – if interested, apply soon

  7. CDBG Disaster Recovery • Approximately $6.5 billion appropriated to respond to declared disasters in 2008 • All funds allocated as of last week • More than $3 billion in total to Texas for Hurricanes Ike and Gustav • 16 states under first appropriation • 15 states under second appropriation • Some states lagging in applying

  8. CDBG Disaster Recovery • More than $7 billion remains to be expended on the Gulf Coast from Katrina, Rita, Wilma funds • Still have $1 billion in Lower Manhattan for construction of ground zero memorial • Bottom line – disaster recovery takes a long time

  9. Neighborhood Stabilization • $3.92 billion in Housing and Economic Recovery Act of 2008 • All funds allocated and under contract • $2 billion in Recovery Act – competitive program plus TA component • Applications for NSP 2 due July 17, 2009

  10. CDBG Question and answer period

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