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MR. BLAND INFORMED THE BOARD THAT THE NEXT STEP WOULD BE TO <br />PREPARE AN ORDINANCE AFTER PROPER PUBLIC NOTICE AND THEN ESTABLISH A <br />HOUSING FINANCE AUTHORITY. <br />ATTORNEY COLLINS ASKED IF THE REPORT MADE BY HOUGH & CO. <br />SUPPLIED THE BOARD WITH SUFFICIENT INFORMATION TO ESTABLISH THE NEED, <br />AND MR. BLAND FELT THAT IT SUPPLIED ENOUGH INFORMATION TO ESTABLISH <br />THAT THIS TYPE OF PROGRAM IS NEEDED IN THIS COUNTY. IT WAS EMPHASIZED , <br />THAT THIS PROGRAM DOES NOT RELATE TO THOSE WHO ARE ELIGIBLE FOR SUB- <br />SIDIZED HOUSING OR INTERFERE IN ANY WAY WITH ANY OTHER HOUSING PROGRAM <br />THAT MAY BE NEEDED. <br />ON MOTION BY COMMISSIONER Loy, SECONDED BY COMMISSIONER LYONS, <br />THE BOARD UNANIMOUSLY AUTHORIZED THE ATTORNEY TO ADVERTISE A PUBLIC <br />HEARING IN REGARD TO CREATING A HOUSING FINANCE AUTHORITY. <br />COMMUNITY DEVELOPMENT DIRECTOR ED REGAN INFORMED THE BOARD <br />THAT JUDY TRUETT OF THE DEPARTMENT OF COMMUNITY AFFAIRS WAS UNABLE TO <br />ATTEND THE MEETING TODAY AND JOEL ATKINSON HAS COME AS A REPRESENTATIVE <br />OF THE DEPARTMENT TO DISCUSS THE RURAL HOUSING LAND ACQUISITION AND $ITE <br />DEVELOPMENT TRUST FUND, <br />MR. ATKI*NSON EXPLAINED THAT THE RURAL LAND ACQUISITION TRUST <br />FUND PROGRAM MAKES MONEY AVAILABLE TO A COUNTY TO ACQUIRE AND DEVELOP <br />A LAND SITE, WHICH THE COUNTY THEN CAN SELL TO PRIVATE INDIVIDUALS OR <br />DEVELOPERS. THE ADMINISTRATIVE MONIES ARE RECOVERABLE AT THE CLOSING <br />OF THE LOAN, AND PERSONS WITH INCOMES BETWEEN $7,000 AND APPROXIMATELY <br />$15,000 ARE ELIGIBLE. MR. ATKINSON STATED THAT PIS. TRUETT HAS DEVELOPED <br />OVER 400 SITES SO FAR, AND THE PROGRAM HAS BEEN VERY -SUCCESSFUL. <br />DISCUSSION AROSE ABOUT HAVING TO SELL THIS PROPERTY THROUGH <br />THE BID PROCESS AND ALSO ABOUT THE POSSIBILITY OF MAKING A PROFIT. <br />MR, ATKINSON NOTED THE COUNTY CAN RECOVER THEIR COSTS BUT <br />CANNOT MAKE A PROFIT. HE CONTINUED THAT MS. TRUETT GETS AN APPRAISAL <br />FROM FMHA BECAUSE WE ARE WORKING WITH 502 MONIES, AND THEY WILL SET A <br />MAXIMUM FOR CERTAIN SITES. <br />COMMISSIONER SIEBERT COMMENTED THAT 502 IS FOR SINGLE FAMILY, <br />BUT THESE SITES ALSO CAN BE USED FOR MULTI~FAMILY. <br />50 <br />MAY 91979 � aooK 40 PAC <br />E255 255 <br />