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Staff: $1.2 million recaptured from NSP to be moved into CDBG to continue homebuyer assistance
Summary
Staff said roughly $1.2 million recaptured from a Neighborhood Stabilization Program (NSP) will be transferred into the city's CDBG program to continue down-payment assistance and minor home-rehabilitation services; staff will seek a substantial amendment to the consolidated action plan for the March 11 commission meeting.
City staff told a staff agenda review on March 9 that about $1.2 million recaptured from an expiring Neighborhood Stabilization Program will be moved into the Community Development Block Grant (CDBG) program to continue down-payment assistance and minor home-rehabilitation services.
Kent, a staff member, summarized the item: “So there was an NSP, funding, and that was given to us in…
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