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Community development items: mortgage discharges, HOME reprogramming and appraisal contract presented
Summary
Staff presented several community-development items including requests to discharge city mortgages, reprogram HOME funding and award an appraisal contract. DCD recommended awarding $50,000 to Northeast New Jersey Legal Services for supportive services and $50,000 to Associated Appraisal Group for appraisal services.
The Division of Community Development presented multiple housing- and community-development items to the council at the caucus meeting.
Staff described a request to discharge a city mortgage on 394-396 Holiday Street related to a HOME Investment Partnerships Program loan. The owner intends to sell the property and the total amount due to discharge the mortgage was listed as $62,916.31; staff said…
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