OGDEN — Only one step remains before the city can adopt its plan for spending federal money on local housing and economic development projects.
The city council voted Tuesday night to set a public hearing for the adoption of the Fiscal Year 2013 Annual Action Plan.
The hearing will be 6 p.m. May 1 at the Ogden Municipal Building, 2549 Washington Blvd. Once the hearing is held, the city can adopt the plan by resolution.
To receive federal funds for neighborhood and economic development programs, the city is required to submit a consolidated plan, which is updated every five years, to the Department of Housing and Urban Development.
An annual action plan and budget indicating how federal funding will be used during the year also must be submitted.
The most significant parts of this year’s plan focus on housing, homelessness prevention and community development objectives.
During FY 2013, the city is proposing to budget money for the following notable programs:
• $816,000 for the infill housing program, which aims to construct housing on vacant lots surrounded by housing developments.
• $285,000 for a loan loss guaranty program, which leverages grants to secure loans for new small businesses.
• $1.2 million for the East-Central Revitalization Program, which aims to improve Ogden’s east-central area.
• $98,000 on the Ogden River Project, which aims to revitalize about 60 acres of land straddling the river from 18th to 20th streets and Washington Boulevard to Wall Avenue.
• $300,000 for the Own in Ogden program, which provides zero-interest, deferred-payment loans to qualified buyers who are purchasing an approved property within specifically targeted areas.
The city also wants to spend $330,000 on public improvements in targeted areas; $223,000 for another small-business loan program; and $90,000 to rehabilitate rental properties in the city.
The overall budget for the plan is $4.3 million.