S 7.29 16-57 Subject: Mortgage Assistance Program Revenue Appropriation And Program Funding
From: Housing And Community Development
Recommendation: Adopt The Following Pieces Of Legislation:
1) A Resolution Amending Resolution No 77655 C.M.S., Which Appropriated Loan Repayments Under The Mortgage Assistance Program For Continuation Of The Program, To Instead Appropriate Current And Future Loan Repayments To The Low And Moderate Income Housing Asset Fund For The Development Of Affordable Housing, And Appropriating $1,600,000 In Affordable Housing Trust Funds To The Mortgage Assistance Program; And