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F_ CDBG Program <br />• Federal program that provides funding for housing <br />and community development <br />• Two components <br />— entitlement program <br />— small cities program <br />• Cities with a population less than 50,000 <br />• counties having a population less than 200,000 <br />• Small cities program is administered by state <br />government <br />FY 1999/2000 Applications <br />Two CDBG applications were approved: <br />1.) Economic Development Application <br />-Requested $750,000 <br />-Proposed for private company to construct assisted living facility and <br />create 26 new jobs <br />-Received Grant Agreement from DCA in January 2000 <br />-Grant Agreement cannot be executed until private company provides <br />support information <br />-DCA imposed June 30th deadline for grant agreement to he executed <br />MAY 099 2000 <br />,7 R <br />BOOK ilc� PAGE �.�� J <br />-36- <br />• 0 <br />