City Manager's Agenda 2019 #174

Official designation: CMA 2019-174

Transmitting Communication from Louis A. DePasquale, City Manager, relative to the appropriation of $549,215 from the U. S. Department of Housing and Urban Development (HUD) through the HOME Program to the Public Investment Fund Community Development Extraordinary Expenditures account ($544,315) and to the Grant Fund Community Development Salary & Wages account ($4,900). Development activities may include acquisition, moderate rehabilitation, substantial rehabilitation and new construction of housing units for low- and moderate- income families and individuals. The majority of the HOME funds, $544,315, will be used towards those activities; and $36,310 will be used for the Community Development Department’s administration of the HOME program. This appropriation will continue the development and rehabilitation of affordable housing in the City of Cambridge