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Council approves $1.7 million repayment agreement with HUD
Summary
Huntington Park formalized a settlement with HUD to repay $1.7 million for prior allocations; payments will come from future HUD allocations and non-federal funds spread over three years, and the first payment is due July 1.
The Huntington Park City Council approved a repayment agreement with the U.S. Department of Housing and Urban Development that reduces the city’s repayment obligation to $1.7 million and establishes a repayment schedule tied to future HUD allocations.
Interim Community Development staff explained the negotiated agreement covers allocations from several prior years and will be repaid through a combination of deductions from the city’s…
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