Finding 947648 (2023-001)

The U.S. Department of Housing and Urban Development San Francisco Regional Office reviewed Santa Clara’s compliance with requirements for carrying out a CDBG Program in a timely manner and noticed the City of the following conditions: • Prior to the next 60-day test to be conducted on May 2, 2024, it was calculated that the City’s community has an adjusted line of credit balance of 3.07 times its annual grant. • The last 60-day test conducted on May 2, 2023, indicated an adjusted line of credit balance of 2.38 times its annual grant. • On May 2, 2022, the City had an adjusted line of credit balance of 1.90 times its annual grant. Therefore, the Office notified the City that it is at risk of non-compliance with the 1.5 performance standard for the third consecutive year.