ITEM TITLE:
#24-40 - Amending the 2024 City Budget by Accepting a US Department of Housing and Urban Development Community Project Funding Grant in the Amount of $3,000,000 and Authorizing Expenditure of the Same
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SUBMITTED BY: Jordan Nelson, Finance Director
FISCAL NOTES:
Expenditure Required: $3,000,000.00
Unencumbered Balance: $3,000,000.00
Funding Source: US Department of Housing and Urban Development (HUD) Community Project Funding (CPF)
RECOMMENDATION:
Approve
SUMMARY STATEMENT:
These CPF awards are administered by the Department of Housing and Urban Development (HUD). HUD received the information about this project from Lisa Murkowski’s office. This represents funding awarded through Congressionally Directed Spending (CDR) formerly known as the Federal Earmark process.