The City of Hot Springs receives federal funding from the U.S. Department of Housing and Urban Development (HUD) as an entitlement grantee of the Community Development Block Grant (CDBG) program. The CDBG Entitlement Program provides annual grants on a formula basis to entitled cities to develop viable urban communities by providing decent housing and a suitable living environment, and by expanding economic opportunities, principally for low- and moderate-income persons. As the responsible entity, the Planning & Development Department applies for, administers, monitors and reports according to federal regulations.
Applications for eligible neighborhood revitalization, affordable housing, and certain economic development activities will be accepted through August 25, 2017. Applications will convert to PDF fillable format when downloaded. Hard copy applications are available in the Planning and Development office, 133 Convention Blvd, Monday through Friday 8:00a.m. until 5:00p.m.
The City of Hot Springs receives funds Annually from the U.S. Department of Housing and Urban Development for Community Development Block Grant programs. Annual expenditures are described in an Annual Action Plan each year. An amendment is necessary to allow the change in use of HUD funding (24 CFR Section 91.505). The purpose of this amendment is to (1) delete activities which will not be completed; (2) delete an activity that became ineligible; and (3) reallocate unspent funds from projects completed under budget. Funds are being reallocated to eligible neighborhood revitalization and affordable housing activities as described in the 2014-2018 Consolidated Plan. This is the second amendment to the 2011, 2012 and 2013 Annual Action Plans as amended, and the first amendment to the 2014 Annual Action Plan.
The Consolidated Plan is a strategic plan addressing low- and moderate-income housing, community and economic development needs. It is a planning document that identifies the affordable housing, community and economic development short- and long-term needs, goals, priorities and objectives. The city identified the following priorities for the 2014-2018 Consolidated Plan:
1. Create suitable living environments and promote decent, affordable housing initiatives
2. Encourage business and job growth through targeted infrastructure improvements
3. Provide assistance, support and resources to affirmatively further fair housing, expand neighborhood revitalization and strengthen Continuum of Care service efforts The Consolidated Plan summarizes citizen participation and comments, agency consultations, housing and market analyses, and other factors that contributed to the development of plan objectives.