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16-2604
| 1 | | minutes from the meeting of 3/22/2016 | Committee Minutes | COMMITTEE MINUTES
Approval of the minutes from the meeting of 3/22/2016 | approve | Pass |
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16-1343
| 1 | | AUTHORIZING THE INITATION AND ADMINISTRATION OF A DOWNPAMENT ASSISTANCE PROGRAM FOR HOME BUYERS | Ordinance | SUBSTITUTE ORDINANCE - ITEM 16-1343 (SECOND VERSION)
PROPOSED ORDINANCE
AUTHORIZING THE INITIATION AND ADMINISTRATION OF A DOWNPAYMENT ASSISTANCE PROGRAM FOR HOME BUYERS
WHEREAS, the Board of Commissioners of Cook County (“the Board”) hereby determines it to be advisable and in the best interests of the County, its residents, and its taxpayers that the County continue the promotion of economic development, affordable housing, and home ownership within the County; and
WHEREAS, the Board further determines it to be advisable and in the best interests of the County, its residents, and its taxpayers that the County initiate and administer a program through which qualified first-time home buyers of residences in the County might more easily obtain competitive fixed-rate 30-year mortgage loans coupled with assistance for down payments and closing costs, herein referred to as a Down Payment Assistance Program (DPA Program); and
WHEREAS, the Board is further desirous that to launch and administer a DPA Program, the Bureau of Economic Development’s Department of Planning and D | accept as substituted | Pass |
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16-1343
| 1 | | AUTHORIZING THE INITATION AND ADMINISTRATION OF A DOWNPAMENT ASSISTANCE PROGRAM FOR HOME BUYERS | Ordinance | SUBSTITUTE ORDINANCE - ITEM 16-1343 (SECOND VERSION)
PROPOSED ORDINANCE
AUTHORIZING THE INITIATION AND ADMINISTRATION OF A DOWNPAYMENT ASSISTANCE PROGRAM FOR HOME BUYERS
WHEREAS, the Board of Commissioners of Cook County (“the Board”) hereby determines it to be advisable and in the best interests of the County, its residents, and its taxpayers that the County continue the promotion of economic development, affordable housing, and home ownership within the County; and
WHEREAS, the Board further determines it to be advisable and in the best interests of the County, its residents, and its taxpayers that the County initiate and administer a program through which qualified first-time home buyers of residences in the County might more easily obtain competitive fixed-rate 30-year mortgage loans coupled with assistance for down payments and closing costs, herein referred to as a Down Payment Assistance Program (DPA Program); and
WHEREAS, the Board is further desirous that to launch and administer a DPA Program, the Bureau of Economic Development’s Department of Planning and D | recommend for approval as substituted | Pass |
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