RECOMMENDATION(S):
APPROVE the reallocation of $40,000 in FY 2009/10 Community Development Block Grant (CDBG) funds from the North Richmond Education and Employment Program to the Contra Costa County Small Business and Microenterprise Loan Program.
FISCAL IMPACT:
No General Fund impact. All funds are provided to the County on a formula basis through the U.S. Department of Housing and Urban Development (HUD).
BACKGROUND:
On April 29, 2009, the Board of Supervisors approved the Contra Costa County Action Plan for FY 2009/10 CDBG/HOME/ESG funds. Under the CDBG Economic Development category, the Community Housing Development Corporation of North Richmond (CHDC) was allocated $40,000 in CDBG funds to support the operation of the North Richmond Education and Employment Program (formerly North Richmond Youth Build Program).
|