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21-1578
| 1 | | COMMITTEE MINUTES | Committee Minutes | COMMITTEE MINUTES
Approval of the minutes from the meeting of 07/18/2019 | | |
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21-1233
| 1 | | HOME Investment Partnerships (HOME) Program Income | Grant Award | PROPOSED GRANT AWARD
Department: Department of Planning and Development
Grantee: Cook County Bureau of Economic Development
Grantor: U.S. Department of Housing and Urban Development (HUD)
Request: Authorization to accept grant
Purpose: To support various affordable housing development activities within suburban Cook County
Grant Amount: $4,838,052.98
Grant Period: 1/1/2016 -12/30/2021
Fiscal Impact: $4,838,052.98
Accounts:
11900.1013.40701.52637 HOME 2016 Program Income $1,000,000.00
11900.1013.40701.52638 HOME 2017 Program Income $3,838,052.98
Concurrences:
The Budget Department has received all requisite documents and determined the fiscal impact on Cook County, if any
Summary: HOME Investment Partnerships (HOME) Program Income is derived from principal and interest payments on HOME funded loans under the Bureau. All proceeds derived from HOME loans are required to be reallocated to newly created, HOME eligible, affordable housing developments.
Program Income from the subject years has been accumulated, per HUD, | | |
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