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Subject: (Direct Referral) A request by the Department of Housing for use of HOME funds to build a house at 1801 Grand Avenue. (RES. No.15-0298)
Recommendation of the Community Development Committee on 7-16-15: That the request for use of HOME Housing Investment Partnership Funds to build a house at 1801 Grand Avenue be approved; and
That the Mayor, City Clerk, and Director of City Development, or their designee, be authorized to execute a written agreement with the Housing Department consistent with its application and federal regulations for $239,500.00 of HOME funds for the purpose of building a single-family house for sale to an eligible homeowner.
Fiscal Note: There are sufficient HOME funds available to meet this request.
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