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Subject: (Direct Referral) Communication from the Director of City Development recommending changes to the HOME grant provided to the St. Paul Community & Economic Development Corporation for the Faith Builds Community Housing and Homeownership Expansion Initiative. (Res No. 12-3290)
Recommendation of the Community Development Committee on 8-15-12: That the changes, as described in the Director's memorandum dated August 14, 2012, to the HOME grant for the construction of a single-family home on the vacant lot at 61 Riverside Drive be approved; and that the Mayor and City Clerk be authorized to execute an amendment to the grant agreement incorporating the changes; and that St. Paul Community and Economic Development Corporation provide a report to the Committee in two weeks on its Community Development Block Grant funding.
Fiscal Note: The changes increase the HOME grant by $76,000 to a total grant of $176,000. HOME funds are available for the increase.