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3 results for “investment income” · other

  • Five-Year Consolidation Plan | 2020-2024

    Scranton, PA
    Other

    The City of Scranton, Pennsylvania prepared a Five-Year Consolidated Plan for fiscal years 2020–2024 (January 1, 2020 through December 31, 2024) as a required strategic plan for HUD Community Development Block Grant (CDBG), Home Investment Partnership (HOME), and Emergency Solution Grant (ESG) programs. The plan was amended on November 12, 2020 to incorporate CDBG and ESG CARES Act funds into the FY2020 annual action plan. The Consolidated Plan establishes goals and initiatives to advance decent housing, suitable living environments, and economic opportunities with principal benefit to low- and moderate-income individuals through a collaborative process involving the City, community agencies, housing providers, and development organizations. The document includes demographic maps of Scranton illustrating population density, racial composition, senior population distribution, housing density and tenure, vacancy rates, income levels, and locations of public and Section 8 housing.

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  • FISCAL YEAR 2025 ANNUAL JOINT REVIEW BOARD MEETING

Springfield, IL
Other

The Fiscal Year 2025 Annual Joint Review Board Meeting covered financing and project activities across ten Tax Increment Financing (TIF) districts in Springfield, including downtown redevelopment, low-income housing, and infrastructure improvements. The city allocated approximately $3.5 million in FY25 across multiple districts, with notable investments including $1.4 million in annual property tax rebates to the Sangamon County Treasurer, $1.2 million for low-income housing renovations in the Far East district, and various commercial and residential redevelopment projects. The meeting outlined ongoing commitments totaling millions of dollars across downtown improvements, housing initiatives, and community development centers, with approximately $4.2 million estimated to be available for new downtown projects in FY27.

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tax increment financingredevelopmenthousingbudget allocationinfrastructure
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  • Citizen Participation Plan | 2021

    Scranton, PA
    Other

    The City of Scranton, Pennsylvania adopted a Citizen Participation Plan in 2021 to comply with HUD regulation 24 CFR 91.105 and ensure public involvement in federally funded housing and community development programs. The plan governs citizen participation in implementing activities under the Community Development Block Grant (CDBG), Emergency Solutions Grants (ESG), HOME Investment Partnerships Programs (HOME), Affirmatively Furthering Fair Housing (AFH), and other formula grant programs. The plan applies to five key documents: the 5-year Consolidated Plan, Annual Action Plan and amendments, Consolidated Annual Performance and Evaluation Report (CAPER), and AFH or Analysis of Impediments to Fair Housing plans. The City commits to providing full public access to program information, encouraging participation from low- and moderate-income residents, minorities, non-English-speaking persons, and persons with disabilities, and engaging local institutions, businesses, and community organizations in planning and implementation.

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