AMENDED RESOLUTION R-18-020
3. Affordable Housing Development - $208,500
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.
That the HOME activities above will be adjusted proportionately to reflect an increase or
decrease in the annual HOME allocation, as announced by HUD following approval of this
Resolution.
And That prior year HOME funds in the amount of $292,000, as listed below be allocated to
Greater Nashua Habitat for Humanity to acquire and rehabilitate an existing single family
property located at 21 Chautauqua Avenue, Nashua, NH, for the purpose of creating one
affordable homeowner unit. Said allocation shall be subject to satisfactory completion of a HUD
environmental review and execution of a HOME agreement and related documents:
FY15 Homebuyer Assistance $55,000
FY16 Homebuyer Assistance $55,000
FY17 Affordable Housing Development $22,941.79
FY18 Affordable Housing Development $159,058.21
