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R2023-214 Resolution Accepting Grant from the Illinois Housing Development Authority's Strong Communities Program Round 2
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R2023-214 Resolution Accepting Grant from the Illinois Housing Development Authority's Strong Communities Program Round 2
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10/18/2023 11:21:32 AM
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10/18/2023 11:21:31 AM
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Resolution/Ordinance
Res Ord Num
R2023-214
Res Ord Title
R2023-214 Resolution Accepting Grant from the Illinois Housing Development Authority's Strong Communities Program Round 2
Department
Econ and Com Dev
Approved Date
10/16/2023
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DocuSign Envelope ID:32D835C3-97C2-4565-BD48-8C80457ABA88 <br /> 43 211y <br /> 1 p A <br /> r It <br /> Strong Communities gW A r F <br /> Eligible Uses -Acquisition(not to exceed$5,000 per property to allow for abandonment petition <br /> for Judicial Deed,tax sale purchase and legal costs,etc.) <br /> -Rehabilitation(not to exceed$75,000 per property;can include interior and exterior <br /> rehab activities) <br /> -Demolition (not to exceed$40,000 per property; exceptions to the maximum per <br /> property cost to be considered on a case-by-case basis for remediation requirements, <br /> and strategic demolition aligned with local planning efforts) <br /> -Tree,Shrub and Debris Removal(including grass cutting) <br /> -Lot Treatment and Greening(i.e., sod, level and grading,shrubs,native plantings, <br /> community gardens,stormwater management projects) <br /> - All reasonable hard and soft construction costs as approved in IHDA's sole and <br /> absolute discretion <br /> -Administrative costs-maximum general administration fees consist of 10%of the <br /> total grant for administrative costs related to general management, oversight, and <br /> coordination,including staff and overhead <br /> Reimbursement Process Grantees will be reimbursed on a quarterly basis for Eligible Uses by submitting <br /> approval information on forms provided by the Authority. <br /> Program Duration and Post- Three funding rounds(two-year grant terms each). <br /> Program Requirements No post-program restrictions on properties under the program.Grantee must <br /> maintain records that pertain to the program for five years. <br />
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