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Urbana commission certifies Habitat for Humanity as CHDO, authorizes $197,500 in HOME funds for five homes
Summary
The Urbana Community Development Commission voted to certify Habitat for Humanity as a Community Housing Development Organization and to forward a HOME consortium funding agreement to City Council that would provide $197,500 for development of five affordable homeownership units and $30,000 in operating support.
The Urbana Community Development Commission voted to certify Habitat for Humanity as a Community Housing Development Organization (CHDO) and approved a resolution to authorize a HOME consortium funding agreement for five affordable homeownership projects.
At the meeting, staff explained that the HOME consortium (City of Urbana, City of Champaign and unincorporated Champaign County) designates a lead entity and that Urbana executes funding agreements for consortium projects. Staff said Habitat was the only applicant in the current funding cycle and requested $197,500 in development funds (a program set-aside) to support five homes, plus $30,000 in operating support…
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