Submitted by: At the Request of the City Administrator
Submitting Department: Community & Economic Development
Agenda Section: Consent
Item Title:
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Resolution 2022-05 - Maryland DHCD National Capital Strategic Economic Development Fund
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Suggested Action:
recommendation
I move the Mayor and Council adopt Hyattsville Resolution 2022-05, a resolution supporting the City of Hyattsville’s grant application to the Maryland DHCD in the amount of $175,000 to support the City’s Commercial Façade Improvement Program. Upon the review and approval by the City Attorney for legal sufficiency.
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Summary Background:
The City of Hyattsville applies annually to Maryland DHCD for program funding to support capital projects and programming. The City’s Commercial Façade Improvement (CFI) program has been funded entirely by State grant funding and the City is likely to allocate all existing funding as part of the current CFI application cycle. The City’s intent on pursuing funds is to replenish program funding, with any new grant funds being made available effective July 1, 2023.
Next Steps:
No additional action is required.
Fiscal Impact:
Any awarded funds will be allocated in FY2024.
City Administrator Comments:
Recommend approval
Community Engagement:
The City’s CFI program is supported through the City’s Sustainability Plan and Business Retention & Expansion Strategy.
Strategic Goals:
Goal 2 - Ensure the Long-Term Economic Viability of the City
Legal Review Required?
Pending