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{ <br /> 12 . DEPARTMENTAL MATTERS <br /> 12.A. COMMUNITYDEVELOPMENT <br /> 12.A. 1. REQUEST TO AMEND THE NEIGHBORHOOD STABILIZATIONPROGRAM <br /> COMMUNITYDEVELOPMENT BLOCK GRANT HOUSINGASSISTANCE PLAN <br /> AND REQUEST TO AMEND THE PROCUREMENT POLICIES AND <br /> PROCEDURES FOR THE COUNTY'S COMMUNITYDEVELOPMENT BLOCK <br /> GRANTS <br /> Community Development Director Robert Keating recapped staff' s memorandum of <br /> January 10 , 2011 , presenting background and details pertaining to the proposed amendments (see <br /> page 107 of the Agenda Packet) to : ( 1 ) the Neighborhood Stabilization Program (NSP) <br /> Community Development Block Grant (CDBG) Application Housing Assistance Plan (HAP) ; <br /> and (2) the CDBG Procurement Policies and Procedures , which apply to the NSP . He detailed <br /> and outlined the following proposed amendments : <br /> HOUSING ASSISTANCE PLAN : <br /> • Increase closing cost assistance from 6 % to 10% of purchase price <br /> • Increase gap financing from 30% to 35 % of purchase price <br /> • Allow staff to use real estate brokers to sell the NSP houses <br /> • Replace an incorrect reference to a second mortgage , to consistently indicate the <br /> 15 -year term <br /> 18 <br /> January 18 , 2011 <br />