The U.S. Department of Housing and Urban Development will be awarded the City of Newburgh a total of $225,632 through the American Recovery and Reinvestment Act of 2009. These funds are earmarked to the City as a CDBG entitlement grantee. HUD anticipates these funds to be managed through the CDBG administrative process and the majority of regulations that govern the use of CDBG funds will apply to the use of these additional funds - referred to as "CDBG-R" funds. The City of Newburgh will be utilizing anticipated CDBG-R funds to support the City's Housing Affordability Program. Under this proposed program, the City anticipates carrying out the following activities:
- Sealed Bid Financing Program: The City of Newburgh will be instituting a Sealed Bid Financing Program which will support and target the City's anticipated disposition of In Rem Properties in the fall. Subject to all of the income limitations of the CDBG-R funding program, participating developers will be required to tenant properties with families earning less than 80% of the County AMI, and documentation confirming the family income will be required.
- Home Rehabilitation Program: This program would provide forgivable loans or low-interest loans to owner-occupied applicants.
On May 26, 2009, the City of Newburgh held a public hearing at 7 pm in the Council Chambers of City Hall, 83 Broadway, Newburgh, NY. The purpose of this hearing was to offer the citizens an opportunity to comment on the City's proposed use of ARRA Funding. Based on comments from the general public during the public hearing and feedback from Council members, the proposed CDBG-R program has been revised:
- City of Newburgh Action Plan: Housing Affordability Program 2009 to 2010 American Recovery and Reinvestment Act (ARRA) Funding, Revised May 27, 2009 (PDF)
In addition to being posted on the City of Newburgh website, copies of this announcement and proposed plan are available for review at the City of Newburgh, Office of Planning and Development, 83 Broadway, Newburgh, NY and the Public Library at 124 Grand Street, Newburgh, NY. The full funding (PDF) can be accessed, and additional information can be acquired through HUD's Recovery Act website.
View the complete submission to HUD.