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Council schedules consideration of CHIP mortgage waiver for 1655 Ridge Ave.
Summary
Council announced (sun shined) an ordinance to waive the remaining undeferred amount and recapture fee on a CHIP housing rehabilitation mortgage for Joyce Fithen at 1655 Ridge Ave.; the item was seconded and will return for action.
During the Planning Committee report, Mr. Hernon announced that the committee had recommended an ordinance to waive the remaining undeferred amount and the recapture fee on a CHIP (Community Housing Improvement Program) housing rehabilitation mortgage for Joyce Fithen at 1655 Ridge Avenue. The motion was seconded by Mr. McManamon and was "sun shined" for future introduction and consideration.
Council did not vote on the waiver itself at this meeting. No dollar amounts for the remaining balance or recapture fee were provided during the discussion. The announcement places the matter on the agenda for a subsequent meeting where council will consider ordinance language and any required findings for waiver under CHIP program rules.
Next steps: Staff to prepare ordinance language and include the matter on a future council agenda for action.
