To qualify for CDBG funds a project must meet the Low and Moderate Income (LMI) Benefit National Objective. This means that an activity must benefit LMI persons or households. This is accomplished by serving individuals or households that earn 80% of area median income (AMI) and below (see link to chart below), or by serving persons presumed to be LMI such as those with special needs, persons with disabilities, homeless persons and the elderly.
Another way to meet the LMI benefit criteria is to provide a service that assists a minimum of 51% low and moderate-income persons or the project must be located in an area predominantly inhabited by LMI residents.
Each program has specific requirements, however all programs require that the following Family Income Guidelines be met: FY 2019 HUD Low and Moderate Income Guidelines Summary
|Area: City of Jonesboro FY 2019 HUD Median Family Income: $ 54,900|
|-----------------ADJUSTED INCOME LIMITS (by household size)-----------------|
ANNUAL ACTION PLAN
Each year City of Jonesboro must submit an update to HUD, refer to as an Action Plan. The Action Plan describes the specific plan uses for CDBG.
The FY2015 Action Plan was amended to include $230,000.00 in recaptured funds from previous years, which totals in the amount of $804,495.00. The $230,000.00 recaptured funds is proposed to be added to the existing $40,000.00 for Sidewalk projects in Neighborhood Revitalization Strategy Area.
FIVE YEAR CONSOLIDATED PLAN
The Consolidated Plan is a plan of five years in length, which describes community needs, resources, priorities, and proposed activities to be undertaken under CDBG.