Posted: November 22, 2024
Rapid City
Agenda Item Summary

Agenda Item Ref. #: LF112724-03

Agenda Item Title:

Approve FY25 CDBG Funding Recommendations

Origination Group:
Legal & Finance Committee
Origination Meeting Date:
11/27/2024
City Council Hearing Date:
12/02/2024
Petitioner:
Finance Department
Staff Contact:
Michelle Schuelke
Location:
Council Chambers
Agenda Item Summary:
Staff requests Council approval of the Community Investment Committee’s FY25 funding recommendations. The Community Investment Committee’s recommendations include Black Hills Special Services Cooperative – Workforce Connections Program ($39,000.00), West River Mental Health ($39,000.00), Youth and Family Services ($89,700.00), Planning and Admin ($105,000.00), and Dakota Dream Development ($252,300.00) contingent on securing Low-Income Housing Tax Credit (LIHTC) funding. If LIHTC funding is not awarded, the funds allocated to Dakota Dream Development will be redistributed to current CDBG-funded projects.

Funding Source & Fiscal Impact (if applicable):

Funding Cost Center
FY25 CDBG $525,000
Is Funding Budgeted?:
Budgeted

Recommendations:

Origination Recommendation Action:
Approve

Attachments & Links to Download:

LF112724-03 FY2025 Funding Recommendations

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