Expected Resources
AP-15 Expected Resources - 91.420(b), 91.220(c)(1,2)
Introduction
The CD Department plans to expend funds in the areas of economic development, public facilities, administration, and public services during PY2026. Staff monitor federal, state, and local opportunities that bring resources into the community, including Opportunity Zone (OZ) and Housing Choice designation requests. These resources provide vital economic development opportunities in the Downtown by creating new revenue streams to leverage against CDBG. The City also approves applications for tax credits from developers.
Framingham uses its CDBG allocation to address identified needs, leveraging private, state, and local municipal funds to accomplish this goal. HOME funds – distributed through the WestMetro Consortium – are a common leveraging tool. Program income from past Housing Rehabilitation loans have been satisfied with a combination of CDBG and HOME funds. Collected program income increases HUD allocations and further facilitates the Department’s work. CDBG loan repayments supplement the Housing Rehabilitation’s budget line item, while HOME loan repayments augment the budget for all planned HOME projects.
The CD Department leverages municipal general pool funding for the salaries of staff administering the programs. As part of their work, staff evaluate, and process grant applications received for CDBG funding. Approximately $6 million in external funds were leveraged against CDBG funding according to recent applications.
Anticipated Resources
Source of Funds | Uses of Funds | Expected Amount Available Year 1 | Expected Amount Available Remainder of ConPlan $ | Narrative Description | |||
Annual Allocation: $ | Program Income: $ | Prior Year Resources: $ | Total: $ | ||||
Public-Federal | Administration and Planning
| $495,542 | X | X | $495,542 | $0 | Funds are expected to |
Table 24 - Expected Resources – Priority Table
Explain how federal funds will leverage those additional resources (private, state and local funds), including a description of how matching requirements will be satisfied
Framingham’s CDBG funds are usually matched with private, state and local resources to make activities possible, this is particularly true concerning public services and their 15 percent cap. Recipients of CDBG funds must demonstrate funding leverage through the request process. An example of fund leveraging is the CDBG Sign and Façade improvement program, which reimburses businesses or property owners a portion of the total cost. The Department of Planning and Community Development also leverages staff administrative and activity delivery costs against municipal general pool funding to support service delivery. Public Facilities improvement costs often exceed the total cost, causing a reliance on local/state capital funds to complete projects.
If appropriate, describe publicly owned land or property located within the jurisdiction that may be used to address the needs identified in the plan
The City does not plan to use publicly owned land or property to address needs identified in this Consolidated Plan.
Discussion
Framingham actively seeks opportunities to leverage local and state funding with federal CDBG funds for the preservation of affordable housing, improvement of social services, public infrastructure/facility upgrades, and for assistance to businesses and labor force training. It has proven very difficult in the past years to expand programming due to the City’s small CDBG allocation.