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<br />that we were prepared to recommend abandoning the program rather than make the <br />changes. <br /> <br />At the time of writing the Fannie Mae changes are still tentative. The Agency's consultant <br />-- First Home Inc. -- is pursuing other avenues to getting the program approved without <br />change. However, if these efforts fail, your approval of the preceding changes will facilitate <br />staff completing the program documents and enable us to close the first loans sooner. <br /> <br />Michael Church <br />Executive Director <br /> <br /> <br />\/~~ <br /> <br />Eo Everett <br />City Manager <br /> <br />Attachment <br />Program Guidelines. These are derived from the staff report approving the program in June. <br /> <br />3 <br /> <br />"""r""'-"""-'" <br />