TITLE
title
Budget Resolution Recognizing FY 2026-27 Community Development Block Grant a/k/a CDBG and HOME Investment Partnership Program a/k/a HOME Funds From U.S. Department of Housing and Urban Development for Housing and Supportive Services Department
body
BRIEF OVERVIEW
Hernando County received an allocation letter from the U. S. Department of Housing and Urban Development announcing that Hernando County jurisdiction is receiving the following Fiscal Year 2026 allocations for the identified program:
• Community Development Block Grant (CDBG): $1,154,823.00
• HOME Investment Partnerships Program (HOME): $373,655.65
• Emergency Solutions Grant (ESG): $0
• Housing Opportunities for Person with Aids (HOPWA): $0
• Recovery Housing Program (RHP): $ 0
In addition, to Hernando County’s jurisdiction CDBG allocation for Fiscal Year 2026 this year provides Hernando County with $5,774,115 in available Section 108 loan guarantee borrowing authority, which allows counties to borrow up to five time of their current CDBG allocation to maximize access to low-interest capital and provide long-term financing to invest in Opportunity Zones or further address gap financing for big projects.
The 2026 Annual Action plan has been submitted to HUD and staff is recognizing estimated allocation of funds as stated above. Award agreements will be submitted for signature after HUD approves the County Annual Action Plan, certifications, and assurances.
STRATEGIC PLAN INITIATIVES
Strategic Theme: A - Economic & Workforce Opportunity
Goal A.3: “Learn here, work here” training and professional development incubator
Objective A3.1: Collaborate with partners to plan, and if feasible, launch an incubator designed to support working professionals and foster local business growth
Strategic Theme: A - Economic & Workforce Opportunity
Goal A.4 - Strategic partnerships and responsive workforce development initiative for emerging and targeted industries
Objective A. 4.1: Partner with industry stakeholders to support efforts to build workforce skills and provide training opportunities aligned with the needs of targeted sectors.
Strategic Theme: B - Community to Public Safety
Goal B.1 Public Safety Readiness
Objective B1.2: Seek opportunities to expand recruitment and training capabilities for public safety personnel, aiming to improve retention and readiness
Strategic Theme: D - Quality of Life
Goal D. 1.1: Well-maintained existing community assets
Objective D1.1: Pursue diverse funding opportunities to support the maintence and improvement of community assets, (Parks and roadway maintenance), with a goal of identifying and applying key sources
FINANCIAL IMPACT
Budget Resolution recognizing estimated allocation for the FY2026-2027 Community Development Block Grant funds
Revenue:
Fund: B001 - BCC -General Fund; Department:150 - Health & Human Services; Group: 30221 - CDBG-Entitlement 26/27; Account: 331500 - Fed Grant Economic Environment in the amount of $1,154,823.00
Fund: B001 - BCC -General Fund; Department:150 - Health & Human Services; -Group: 30223 - HOME Invest 26/27; Account: 331500 - Fed Grant Economic in the amount of $373,655.65
Expense:
Fund: B001 - BCC -General Fund; Department:150 - Health & Human Services; Group: 30221 - CDBG-Entitlement 26/27; Account: Various Accounts for (CDBG) in the amount of $1,154,823.00
Fund: B001 - BCC -General Fund; Department:150 - Health & Human Services; -Group: 30223 - HOME Invest 26/27; Account: Various Accounts for (HOME) in the amount of $373,655.65
LEGAL NOTE
The Board has authority to act on this item pursuant to Chapter 125 Florida Statutes.
recommendation
RECOMMENDATION
Staff recommends board approval of Budget Resolution recognizing estimated allocation from the U. S. Department of Housing and Urban Development and authorize the Chairman signature