TO: Mayor and City Council
FROM: Beth Beatty, City Manager
SUBJECT:
title
Resolution Approving Community Development Block Grant Agreement with Latino Economic Development Association (LEDA)
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BACKGROUND:
The 2020-2024 Consolidated Plan for the expenditure of Community Development Block Grant (CDBG) funds from the Department of Housing and Urban Development (HUD) was previously approved by the Mayor and City Council. The City, through its submission of its 2024 Annual Action Plan, as amended, allocated up to $100,000.00 for Microenterprise Projects.
LEDA (Latino Economic Development Association) requested $100,000.00 to help serve microenterprise businesses within the City of Joliet. The $100,000.00 will fund microenterprise business technical assistance and LEDA administrative fees.
LEDA's application satisfies the following eligibility criteria and therefore suitable for CDBG funding consideration:
1. CDBG National Objective -
Low-Moderate Income Limited Clientele (LMC): Activities that benefit either a specific group of persons at least 51% of who are documented as low-moderate income or a clientele presumed by HUD to principally low-moderate income (e.g. battered spouses, senior citizens, youth)
2. CDBG-Eligible Activity Category
Microenterprise: The CDBG program identifies subset of the small business community (24 CFR Section 570.201(o) for Entitlements, and for States HCDA Section 105(a)(22))
3. HUD-Designated Performance Objective
Create Suitable Living Environments
4. Environments. HUD-Designated Performance Outcome
Availability/Accessibility
The 2024 Annual Action Plan was adopted by the Mayor and City Council under Resolution No. 7982, on July 18th, 2023, which included funding for this project.
CONCLUSION:
On December 12th, 2023, the Diversity & Community Relations Committee recommended funding for LEDA's microenterprise project.
RECOMMENDATION:
recommendation
The Administration recommends that the Mayor and City Counci...
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