Laserfiche WebLink
five years. As with other HOME-funded CHDO projects, an agreement with NHDC for a <br /> specific amount of funds for each individual project will be brought to Council for <br /> approval. <br /> POTENTIAL OBJECTION: <br /> None known. <br /> INPUT FROM OTHER SOURCES: <br /> Federal Register Vol. 68,No. 199 (Notice of Funding Availability for HOME <br /> Competitive Reallocation of Funds to Provide Permanent Housing for the Chronically <br /> Homeless); City of Decatur Application for Funding(December 15, 2003). <br /> STAFF REFERENCE: <br /> Should City Council members have questions they may contact Linda J. Love, <br /> Neighborhood Programs Manager at 424-2777 (l�jl(c�decaturnet.org) or Terry <br /> Cunningham, Neighborhood/Housing Planner at 424-2795 <br /> (tcunnin�ham(udecatur�let.org). <br /> BUDGET/TIME IMPLICATIONS: <br /> $500,000 in HOME funds, available immediately. The funds must be committed to <br /> specific projects within two years of grant execution, and expended within five years. As <br /> with all HOME projects, a 25% matching contribution of non-federal funds is required. <br /> Any projects undertaken with this grant are expected to include sufficient sources of <br /> matching funds (e.g., from IHDA, private lending institutions, and other project sponsors) <br /> and no further commitment of City funding is anticipated. <br />