Proposed FY27 CDBG Budget

FY2025 FY2026 FY2027 Proposed Notes Total Entitlement $ 1,436,486 $ 1,411,157 $ 1,407,608 Prior Uncommitted Balance $ 628,982 $ 579,038 $ 386,251 Total Available $ 2,065,468 $ 1,990,195 $ 1,793,859 1. Affordable Housing FY2025 Adopted FY2026 Adopted FY2027 Proposed Program Description Affordable Housing Rehab and Redevelopment $393,845 $100,000 $ 100,000 Rehab program; can also be spent on vacant/foreclosed property program Total Affordable Housing $393,845 $100,000 $ 100,000 2. Public Services FY2025 Adopted FY2026 Adopted FY2027 Proposed Program Description Action for Boston Community Development $ 22,000 $ 19,500 $ 19,500 Homeless outreach and housing assistance for Malden residents Asian Community Development Corporation $ -$ 11,000 $ 11,000 Financial Management workshops for Malden residents Housing Families $ 22,000 $ 21,500 $ 21,500 Homelessness Prevention Immigrant Learning Center $ 16,500 $ 15,500 $ 15,500 English for Speakers of Other Languages Just-A-Start $ 22,000 $ 21,500 $ 21,500 Housing Stabilization and Mediation Malden Neighborhood Basketball League $ 9,500 $ 8,500 $ 8,500 Youth Basketball Organization Malden Senior Center $ 50,000 $ 49,000 $ 49,000 Malden Elderly Transportation Malden Teen Enrichment Center $ 5,500 $ 5,500 $ 5,500 Youth Services Program Malden Warming Center $ 22,000 $ 19,500 $ 20,000 Malden Warming Center Mystic Valley Elder Services $ 11,000 $ 10,000 $ 10,000 Meals Program YMCA Malden $ 16,500 $ 14,500 $ 14,500 Youth Services Program YWCA Malden $ 16,500 $ 14,500 $ 14,500 Youth Services Program Total Public Services $ 213,500 $ 210,500 $ 211,000 15% of entitlement City of Malden FY 2027 Community Development Block Grant (CDBG) Budget HUD Program Year 2026 (July 1, 2026 – June 30, 2027) Mayor's Proposed Budget 4/22/26 REVENUE PROGRAMS 3. Physical Improvements FY2025 Adopted FY2026 Adopted FY2027 Proposed Program Description Malden Skate Park $ -$ -$ 100,000 make repairs and upgrades Linden Park Playground $ -$ -$ 450,000 upgrade playground, add amenities ADA Pedestrian Improvements $ 355,092 $ 133,162 $ 65,205 ADA sidewalk and crosswalk improvements Devir Park – Phase II $ -$ 400,000 $ -Salvatore Butch Gennetti Park $ -$ 450,000 $ -Green St./MacArthur Park Tot Lot $ 300,000 $ -$ -FitzGerald Park $ 100,000 $ -$ -Total Physical Improvements $ 755,092 $ 983,162 $ 615,205 4. Planning, Admin, & Management FY2025 Adopted FY2026 Adopted FY2027 Proposed Program Description Planning, Admin & Management $ 287,297 $ 282,231 $ 281,522 Plus 20% of program income received Total Planning, Admin & Management $ 287,297 $ 282,231 $ 281,522 20% of entitlement Malden River Works $ -$ -$ 100,000 estimated; section 108 loan app in progress $2.4M Road Improvements $ 237,970 $ 147,332 $ 169,662 Matures on 8/1/2038 $2M Senior Center Rehabilitation/$1M Housing Task Force $ 176,264 $ 216,970 $ 221,470 Matures on 8/1/2028 $1.2M Roosevelt Park $ -$ 50,000 $ 95,000 Matures on 8/1/2043 Total Section 108 Loan repayments $ 414,234 $ 414,302 $ 586,132 FY2027 Proposed Total Revenue $ 1,793,859 Total Allocated $ 1,793,859 Remaining $ -$ -$ 0 SUMMARY FY2025 Adopted FY2026 Adopted Notes 5. Section 108 Loan Repayments FY2025 Adopted FY2026 Adopted FY2027 Proposed Program Description