Lake County Housing and Community Development Commission Executive Committee met Nov. 10.
Here is the agenda provided by the committee:
1. Roll Call
2. Approval of Minutes
2.1 21-1696
Approval of the September 15, 2021 minutes
4. Public Comments (items not on the agenda)
5. Old Business
6. New Business
6.1 21-1808
Presentation and Discussion - Proposed Substantial Amendments to the Neighborhood Stabilization Program Round 1 (NSP1) and Neighborhood Stabilization Program Round 3 (NSP3) Action Plans.
6.2 21-1810
Approval of the proposed Substantial Amendment to the Neighborhood Stabilization Program Round 1 (NSP1) Action Plan.
· Neighborhood Stabilization Program Round 1 (NSP1) funds ($4,600,800) were initially awarded to Lake County in 2008.
· NSP1 funding supported housing initiatives that generated a total of $6,057,853 in program income.
· The United States Department of Housing and Urban Development (HUD) is encouraging grantees to close out the NSP1 program.
· The proposed amendment allocates the entire remaining NSP1 fund balance to Youth Conservation Corps ($39,013.54). The funding will support the acquisition, rehabilitation and resale of a single-family home in the Village of Beach Park.
6.3 21-1811
Approval of the proposed Substantial Amendment to the Neighborhood Stabilization Program Round 3 (NSP3) Action Plan.
· Neighborhood Stabilization Program Round 3 (NSP3) funds ($1,370,421) were initially awarded to Lake County in 2011.
· NSP3 funding supported housing initiatives that generated a total of $1,021,597 in program income.
· The United States Department of Housing and Urban Development (HUD) is encouraging grantees to close out the NSP3 program.
· The proposed amendment allocates the entire remaining NSP3 fund balance to two activities:
o Youth Conservation Corps - ($126,278) to support the acquisition, rehabilitation and resale of a single-family home in the Village of Beach Park.
o Community Partners for Affordable Housing ($27,555) to support the acquisition, rehabilitation and rental of four townhome units on Georgetown Ln. in Waukegan, IL.
7. Staff Reports
8. Adjournment
https://lakecounty.legistar.com/View.ashx?M=A&ID=819062&GUID=AA7A0F3C-EF36-4AB1-A358-DE3BADF6DF90
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