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• 12.A. 2. REQUEST TO AMEND THE NEIGHBORHOOD STABILIZATIONPROGRAM <br /> COMMUNITYDEVELOPMENT BLOCK GRANT HOUSING ASSISTANCE PLAN <br /> Director Keating reviewed the memorandum dated June 23 , 2011 , providing description, <br /> conditions, and analysis pertaining to the proposed modification to the Neighborhood <br /> Stabilization Program (NSP) Community Development Block Grant (CDBG) Housing <br /> Assistance Plan (HAP) . He explained how the proposed amendment would affect only the resale <br /> portion of the program, not the rental . He reported that together with the Housing Authority, the <br /> County had purchased 19 houses so far, and sold four; and that most of the others have been <br /> rehabilitated and are currently on the market for sale . He said this proposed amendment would <br /> change the required down payment for buyers of NSP houses from 1 . 75% of the sale price to <br /> $ 500 . 00 , which will allow more NSP buyers to be eligible to purchase homes, and most likely <br /> increase the sale of NSP homes . He thereafter explained the sale process of NSP homes and the <br /> benefits of the program . <br /> Commissioners Wheeler and Davis voiced their disapproval and reasons for not <br /> supporting the proposed modification . <br /> ON MOTION by Commissioner O ' Bryan, SECONDED <br /> by Commissioner Flescher, the Board by a 3 .2 vote <br /> (Commissioners Davis and Wheeler opposed) approved <br /> the proposed change to the Neighborhood Stabilization <br /> Program (NSP) Community Development Block Grant <br /> (CDBG) Housing Assistance Plan, and authorized the <br /> Chairman to execute the revised Housing Assistance Plan, <br /> as recommended in the memorandum of June 23 , 2011 . <br /> DOCUMENT ON FILE IN THE OFFICE OF THE CLERK TO THE BOARD <br /> • <br /> BK 141 PG 091 <br /> July 5 , 2011 17 <br />