Amended
RESOLUTION R-22-025
12. Area Agency/Gateways - $8.985
Replace fencing at 4 Beard Street group home.
13, Opportunity Networks - $25,000
Replace windows at 116 Perimeter Road facility.
14. Contingency — $0
Reserve funds that may be applied to any of the activities described herein for unforeseen
costs. Funds may be directed to other unforeseen eligible community needs, subject to
Board of Aldermen approval.
That all open and active CDBG activities from previous Action Plans be carried forward and
entered in the FY23 Action Plan as applicable; and
That the following HOME activities be carried out with an annual grant of $427,000:
1. HOME Grant Administration - $42,700
Administration of the HOME Program by the Urban Programs Department, including
determining eligibility, technical assistance to participants, compliance with program
regulations, underwriting, preparation and review of construction specs, environmental
review, long-term monitoring and reporting to HUD.
2. Community Housing Development Organization {CHDOQ} Reserve - $64.050
Mandatory set aside, equal to 15% of the annual grant, for specific activities to be undertaken
by a private nonprofit, community-based organization that has staff with the capacity to
develop affordable housing for the community it serves. In order to qualify for designation as
a CHDO, the organization must meet certain requirements pertaining to their legal status,
organizational structure, capacity and experience as it relates to the project they are
developing.
3. Homebuyer Assistance Program - $55,000
Direct financial assistance toward down payment and closing costs for eligible low-income
homebuyers purchasing a home in Nashua, including counseling, underwriting and other
direct costs.
4. Affordable Housing Development - $265,250
Acquisition, rehabilitation and /or conversion of residential and/or non-residential buildings
to create affordable rental and/or home-owner housing, occupied by HOME-eligible
households. Projects may be developed by non-profit, for-profit, public or private entities.
