Title:
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A Resolution approving the application of Housing Initiative Partnership, Inc. for financing through the Maryland Department of Housing and Community Development Community Legacy Financial Assistance Fund
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Title
A Resolution approving the application of Housing Initiative Partnership, Inc. for financing through the Maryland Department of Housing and Community Development Community Legacy Financial Assistance Fund
Background
Housing Initiative Partnership, Inc. (HIP) has applied for funding from the Community Legacy Program in the amount of $199,500 for implementation of the revitalization project described in their application. HIP proposes in its application continuation of a successful revitalization program called the “High Risk Rehab Program” in Palmer Park. This community legacy project will provide much needed neighborhood revitalization by offering deferred financing to low-income homeowners to pay for necessary maintenance and repairs and bring the homes up to code, which will reverse deterioration in the community.
The State of Maryland requires a resolution by the County Council for each Community Legacy Program application in unincorporated areas.