The CDBG Entitlement Program, established in 1974 and administered by the U.S. Department of Housing and Urban Development (HUD), provides metropolitan cities and urban counties with funds to assist in achieving their goals of neighborhood revitalization, economic development, improved community facilities, prevention and elimination of slums, and assistance to low and moderate-income persons. An appropriation amount is determined by a statutory formula which uses measurements of need. The City of Santa Maria has been participating as an entitlement city under this program since its inception and receives a yearly grant.
For Fiscal Year 2012-13, the City allocated $1,173,791 in CDBG funds, $30,000 in program income under its revolving loan fund programs, and an additional $2,066 in Fiscal Year 2011-12 CDBG program income for public services. The total amount of CDBG resources available for distribution is $1,205,857. The activities proposed to be undertaken and funded with these CDBG monies are listed below:
HOME PURCHASE ACTIVITIES
Habitat for Humanity/Newlove Homes (includes $5,000 in project delivery costs)