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Committee debates raising owner-occupied repair grant to $25,000 and loan options
Summary
Advisory committee debated draft guideline changes that would raise the maximum forgivable repair grant to $25,000 for households at or below 60–80% AMI, add a loan option, and create mechanisms for rapid-response or post-closing repairs; a motion to recommend raising the cap to $25,000 for households at or below 80% AMI was moved and seconded but transcript does not show a final council vote.
Committee members reviewed a draft of the Affordable Housing Trust Fund guidelines and debated recommendations to DMD about increasing owner-occupied repair awards and adding loan options.
Staff reminded the committee that the Department of Metropolitan Development (DMD) provides guidance and retains final authority to award funds; the committee’s role is advisory and recommendations would be forwarded to DMD. The draft proposed raising the maximum forgivable grant from $10,000 to $25,000 for…
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