Title
A Resolution approving the Optional Relocation Assistance Policy to provide assistance, not to exceed $20,000, to low-income owner-occupants who are involuntarily displaced from property with negative equity when the displacement results from the use of Community Development Block Grant or Home Investment Partnerships Program funds. [Div. of Grants and Special Programs, Gooding]
Summary
Authorization to approve Optional Relocation Assistance Policy for low-income owner-occupants who are being involuntarily displaced as a result of use of Community Development Block Grant Funds or HOME Investment Partnerships Program Funds. (L278-12) (Gooding/Moloney)
This is a request to approve Optional Relocation Assistance Policy for low-income owner-occupants who are being involuntarily displaced as a result of use of Community Development Block Grant Funds or Home Investment Partnerships Program Funds. The goal is to continue homeownership for displaced homeowners. There is no budgetary impact.
Budgetary Implications: NO
Advance Document Review: Law/Risk Management
Fully Budgeted:
Account Number:
This Fiscal Year Impact: $0
Annual Impact: $
Project:
Activity:
Budget Reference:
Current Balance: N/A
Body
BE IT RESOLVED BY THE COUNCIL OF THE LEXINGTON-FAYETTE URBAN COUNTY GOVERNMENT:
Section 1 - That the Optional Relocation Assistance Policy, which is attached hereto and incorporated by reference, to provide assistance, not to exceed $20,000, to low-income owner-occupants who are involuntarily displaced from property with negative equity when the displacement results from the use of Community Development Block Grant or HOME Investment Partnerships Program funds be, and hereby is, approved.
Section 2 - That this Resolution shall become effective on the date of its passage.
PASSED URBAN COUNTY COUNCIL:
___________________________________
MAYOR
ATTEST:
______________________________
CLERK OF URBAN COUNTY COUNCIL