Title:
|
A Resolution amending the Prince George’s County “Annual Action Plan:
FY 2008” to include a single family housing project of Central Prince George’s County Community Development Corporation, its estimated cost of completion and sources of funding
|
Title
A Resolution amending the Prince George’s County “Annual Action Plan:
FY 2008” to include a single family housing project of Central Prince George’s County Community Development Corporation, its estimated cost of completion and sources of funding
Background
This Resolution amends the Prince George’s County “Annual Action Plan: FY 2008”, (i) to include an affordable single family housing project, which will be developed by Central Prince George’s County Community Development Corporation (“CPGCCDC”), and (ii) to include the project’s estimated cost of completion and sources of funding, as required by Section 15A-105(a)(2) of the County Code.
CPGCC, a certified Community Housing and Development Organization under the HOME Investment Partnerships Program, has received approval from the Department of Housing and Community Development for a HOME Funds revolving line of credit in the amount of $250,000 to finance the project.
The project will commence with the development of a single family dwelling on a site located at 4810 Leroy Gorham Drive, in Fairmount Heights. The home will consist of approximately 1,800 square feet, with three bedrooms and two bathrooms and will be sold to a household with an income at or below 80% of the area median. HOME program affordability restrictions will apply to the purchase price of the unit, occupancy, and resale of the house.
Because this amendment implements a project under “Redevelopment Authority CHDO Set Aside Activities FY 08” - an activity already funded in the “Annual Action Plan: FY 2008” - a public hearing is not required under the “County Citizen Participation Plan FY: 2006-2010,” as amended by CR-81-2005.