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Subject: (Direct Referral) Request by the Manager of Housing and Community Development for the allocation of up to $250,000 of NSP 1 and NSP 3 funds to build a new single-family house at 1538 Packard Avenue and up to $14,000 of HOME funds if NSP program income at the time of construction is not sufficient to cover budgeted construction contingency. (Res No. 0071-17)
Recommendation of the Community Development Committee on 2-9-17: That the request for the reallocation of $250,000 of NSP 1 and NSP 3 funds and up to $14,000 of HOME funds for the purposes of building a single-family house at 1538 Packard Avenue be approved.
Fiscal Note: There are sufficient NSP 1, NSP 3, and HOME funds available to meet this request.
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