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REDEVELOPMENT UPDATES <br />RABBI SHULMAN AND MONROE CIRCLE <br />•The HASB has submitted two Section 18 applications. <br />Section 18 of the 1937 United States Housing Act is a policy of the federal Department of Housing &Urban <br />Development (HUD)which allows public housing authorities to demolish and redevelop their properties under <br />certain conditions. <br />•Through the procurement process (codified at 2 CFR §200.317–200.326 which apply whenever HUD or other <br />federal funds are used in development or operations of public housing projects), we have selected a nationally <br />known developer to be our partner in providing new units at these developments <br />•The HASB is working diligently to provide affordable housing that will serve very low-income <br />households in units that they can be proud of, and which will be an asset to the entire City. <br />•The selected Development Partner is an entity with whom we will enter a partnership or other <br />contractual arrangement (MDA) to provide for mixed-finance development of public housing units, <br />has primary responsibility with HASB for development of former public housing units and is covered <br />under Federal Regulations found at 24 CFR §941.602 (h)(1) <br />•Mixed Finance development allows the HASB to bring additional necessary funding, through <br />public/private partnerships, beyond what HUD would provide to upgrade our properties.