Title
A RESOLUTION CONCERNING THE FISCAL YEAR 2016 ANNUAL ACTION PLAN FOR HOUSING AND COMMUNITY DEVELOPMENT for the purpose of amending the Prince George’s County Fiscal Year (“FY”) 2016 Annual Action Plan for Housing and Community Development by adding the Housing Initiative Partnership, Inc.’s (“HIP”) Transforming Neighborhoods Initiative (“TNI”) Acquisition, Rehab and Resale Project, an eligible activity not originally funded or described in the FY 2016 Annual Action Plan; and reallocating and committing three hundred thousand dollars ($300,000.00) in HOME Investment Partnerships (“HOME”) Program funds from the FY 2012, FY 2013, and FY 2014 Annual Action Plans to support the TNI Acquisition, Rehab and Resale Project.
Background
Enclosed for the County Council’s consideration is a Resolution for the purpose of amending the Prince George’s County Fiscal Year (“FY”) 2016 Annual Action Plan for Housing and Community Development by adding the Housing Initiative Partnership, Inc.’s (“HIP”) Transforming Neighborhoods Initiative (“TNI”) Acquisition, Rehab and Resale Project, an eligible activity not originally funded or described in the FY 2016 Annual Action Plan.
Additionally, this Resolution will amend the FY 2016 Annual Action Plan by reallocating and committing three hundred thousand dollars ($300,000.00) in HOME Investment Partnerships (“HOME”) Program funds from the FY 2012, FY 2013, and FY 2014 Annual Action Plans to support the TNI Acquisition, Rehab and Resale Project.
The TNI Acquisition Rehab and Resale Project involves the acquisition, rehabilitation and resale of three (3) vacant and distressed houses to income-eligible first-time homebuyers, located in the Inner-Beltway TNI communities.
This Resolution requires at least one public hearing because each proposed amendment to the FY 2016 Annual Action Plan would constitute a “substantial change” under the FY 2016-2020 County Citizen Participation Plan.