Laserfiche WebLink
6.1.G. - Page 2 <br /> These HOME funds expire and will be recaptured by HUD on June 30, 2013 if they are <br /> not committed and expended. This project will allow the City to invest its HOME funding <br /> to increase the supply of affordable housing available to Redwood City residents. <br /> ALTERNATIVES <br /> The Council may choose to modify the recommendation. <br /> FISCAL IMPACT <br /> This agreement would be funded from unreserved FY2011-2012 and FY2012-2013 <br /> HOME CHDO funds and FY2011-2012 unreserved HOME Housing funds for a <br /> combined total of $92,197.00. The HOME 2011-2012 funds expire and will be <br /> recaptured by HUD on June 30, 2013 if they are not committed and expended. <br /> ENVIRONMENTAL REVIEW <br /> This project was determined to be categorically excluded from NEPA requirements per <br /> 24 CFR Part 58.35. <br /> � � , <br /> � <br /> RHONDA COFFMAN <br /> CDBG/HOME ADMINISTRATOR <br /> � <br /> BILL EKERN <br /> COMMUNITY DEVELOPMENT DIRECTOR <br /> �� <br /> ROBERT B. BELL <br /> CITY MANAGER <br /> ATTACHMENT <br /> -Agreement <br />