RECOMMENDATION(S):
APPROVE and AUTHORIZE the Director of Conservation and Development, or designee, to execute an agreement for $262,652 with the City of Concord for the County to administer Concord’s Housing Rehabilitation Loan and Grant Program using City Community Development Block Grant (CDBG) funds for the term of December 4, 2012 through June 30, 2013.
FISCAL IMPACT:
No fiscal impact to the General Fund, all funds are City of Concord CDBG – Federal Funds.
BACKGROUND:
The County Department of Conservation and Development administers a housing rehabilitation loan program through its Neighborhood Preservation Program. The Program offers low interest loans and grants to low-income households who own and occupy their home. The loan recipients qualify for loan assistance under County guidelines and U.S. Department of Housing and Urban Development (HUD) regulations.
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