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Hagerstown considers joining HUD HOME program; council asked to find $138,000 local match
Summary
City staff presented the HOME Investment Partnerships Program at the June 3 work session and asked the mayor and city council to approve participation, noting a one-time shortfall of roughly $138,000 to meet HUD's initial participation threshold and a 25% annual match thereafter.
HAGERSTOWN, Md. — City staff told the mayor and city council at a June 3 work session that Hagerstown has an opportunity to participate in the U.S. Department of Housing and Urban Development's HOME Investment Partnerships Program but must identify roughly $138,000 in local funds to meet an initial participation threshold.
The discussion matters because HOME funds can be combined with Community Development Block Grant (CDBG) money in the city's five-year consolidated plan to expand affordable housing programs. "Our caveat is that at this time, no local funding, has been identified or is in the budget," a staff member said during the presentation.
Amanda Gregg, a staff member who presented the program, said HUD awarded about $361,181 to Hagerstown; HUD requires a participating jurisdiction's allocation to meet a $500,000 threshold for initial…
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