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1 � <br /> throughout the community. In October, 2003, $12,013.53 <br /> additional HOME funds were added to the program. <br /> • In FY02, HOME funds were set aside in two proj ect areas to attract <br /> homebuyers and assist in the development of affordable new � <br /> homes for low-moderate income households in Phase I of this area, <br /> As Phase I has progressed and budgets finalized, the total HOME <br /> canyover funding for these two activities ($365,000) is now <br /> anticipated to be used toward the construction of 43 new housing <br /> units for low-moderate income homebuyers. The two project areas <br /> are therefore being combined into one: "City of Decatur Near <br /> North Affordable Housing: Phase I". The project beneficiaries <br /> will remain the same. In addition, $22,000 of FY03 HOME funds <br /> were allocated toward development of these Phase I units, and <br /> $372,600 reserved toward the provision of new affordable housing <br /> in Phase II of the Near North development, anticipated to begin <br /> construction in 2005. (Map#7). <br /> ' � HOME OWNERSHIP PROGRAMS <br /> Pro ram A enc /Fundin Source Allocation <br /> Near North Affordable Housing: HOME (FY02) 365,000 <br /> Phase I(43 units) HOME (FY03) 22,000 <br /> Near North Affordable Housin : Phase II HOME (FY03) 372,600 <br /> Near North Down ayment Assistance HOME 220,000 <br /> Near North Demolition Reimbursement CDBG 204,021 <br /> Near North Relocation Reimbursement CDBG 320,894 <br /> Near North Ac uisition CDBG 100,000 <br /> Near North Relocation Costs CDBG 40,085 <br /> Near North Project Related Costs CDBG 154,292 <br /> Neighborhood Stabilization Program(5 units) CDBG(FY03) 6,513 <br /> CDBG(FY04) 54,493 <br /> HOME(FY03) 87,935 <br /> CHDOs C &NWRAPS) (7 units) HOME 90,562 <br /> Habitat for Humanity(3 units) Habitat (estimated) 120,000 <br /> DHA Homeownership (on-going 43 units in HOPE VI/private 3,300,000 <br /> 2004) <br /> Assist Pro am (250 households Assist/Local banks (est.) 11,700,000 <br /> Downpayment Plus (60 households) Local Banks/Federal Home 210,000 <br /> Loan Bank <br /> Total 17,368,395 <br /> Homeownership Prioriry 2: Provide assistance to increase the ability of low income renters <br /> to become home buyers. Provide home ownership education and counseling <br /> for low income persons. <br /> 7 <br />