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SHIP funds used for home repairs and down-payment assistance; staff reports heavy drawdown and new state allocation expected
Summary
City SHIP staff reported $1.34 million in program funds for FY24'''''''''25, completion of 30 projects (25 owner-occupied rehab, 5 down-payment assistance) and an anticipated FY25'''''''''26 allocation of about $443,314 pending state appropriation.
Cedric Cox, assistant director of economic opportunity and community investment, summarized the city's State Housing Initiatives Partnership (SHIP) program fiscal activity for the 2024'''''''''25 program year. Cox said the program began the year with rollover funds totaling $923,458, received $422,345 in new funding and had total available funds of about…
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