Since 1981, the Village of Mount Prospect has received an allocation of Community Development Block Grant (CDBG) funds from the U.S. Department of Housing and Urban Development (HUD). CDBG funds are intended to create viable communities by providing decent housing, a suitable living environment and expanded economic opportunities for low- and moderate-income residents.
The Village is an "entitlement community" (having a population over 50,000) and develops its own program and funding priorities. HUD requires the Village to adopt a Five-Year Consolidated Plan and an Annual Action Plan. The Consolidated Plan explains the community's needs and priorities as well as the programs and projects it intends to fund. The Annual Action Plan explains how the Village will use CDBG funds during the individual fiscal year.
The Village has granted CDBG funds for the following activities:
- Public Service
- Residential Rehabilitation Loan Program
- Home Weatherization Grant Program
- Capital Improvement Projects
Annual Action Plan
The CDBG Annual Action Plan includes the projects and the funding allocations for the program year. It is a list of programs, projects, or activities that are in line with the approved Five-Year Consolidated Plan.
The Annual Action Plan for the 2019 program year includes projects and funding allocations from October 1, 2019 to September 30, 2020. The plan allocates funds to programs which address the national objectives for benefiting low- and moderate-income persons or households, and the objectives described in the Strategic Plan component of the Village of Mount Prospect 2015-2019 CDBG Consolidated Plan.
Five-Year Consolidated Plan
The Consolidated Plan is a comprehensive 5-year planning document that identifies the overall housing and community development needs of the village, outlines available programs and resources, and establishes a strategy for prioritizing and addressing these needs. The Village adopted the 2015-2019 Consolidated Plan in July 2015. The Action Plan for Program Year 2015 is included and identifies specific goals and projects funded from October 1, 2015 to September 30, 2016.
The Consolidated Plan establishes a unified vision for community development actions. HUD requires that entitlement communities develop a vision that addresses issues such as affordable housing, adequate infrastructure, fair housing, civic design, the environment, and economic growth. The goals of the Consolidated Plan are to provide decent housing, a suitable living environment, and expanded economic opportunities to benefit low and moderate-income residents.
For more information, please contact the Community Development Department at (847) 818-5328.