The California Department of Housing and Community Development (HCD) and state and federal regulations from the Department of Housing and Urban Development (HUD) require periodic updates to the County’s CDBG Program Income Reuse Plan (CDBG PI Plan). The CDBG PI Plan governs how these CDBG PI funds are to be expended. Under the CDBG Program, there are specific rules and requirements that apply to the management and use of Program Income received by local jurisdictions. In the past, CDBG funds were used by Shasta County Department of Housing and Community Action Programs to rehabilitate housing and community facilities via low interest loans. When loans are repaid, the funds become CDBG Program Income (PI).
Possible uses of PI might include community development, housing needs, furthering fair housing, and economic development activities. This public hearing is to solicit input from the community for the best way to utilize CDBG PI and for input on what to include in the PI Plan. The attached PI Plan is currently in draft form and the public is encouraged to provide comment and input on the draft plan and share ideas on how to best use the PI. Such input from the community will be considered prior to a determination of how to use the CDBG PI and prior to a determination of what to include in the final CDBG PI Plan. The final determination and CDBG PI Plan will be proposed to the Board of Supervisors at a date to be determined, either after or in conjunction with a subsequent public hearing concerning the use of PI and the adoption of a CDBG PI Plan.
This hearing was noticed in the Record Searchlight 10 days prior and the notice is on file with the Clerk of the Board.