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St. Joseph County Housing Consortium
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St. Joseph County Housing Consortium
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12/10/2024 4:45:11 PM
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12/10/2024 4:42:48 PM
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b. If Funding Increases or Decreases: The DCI ESG Admin project and each Shelter project will be adjusted to stay <br /> within their caps (7.5% for Admin and 60% for Shelter). Any excess will be proportionally added or taken from the <br /> Rapid Rehousing projects. <br /> 3. HOME Investment Partnerships Program (HOME)—St. Joseph County Housing Consortium: <br /> a. Anticipated 2025 funding: $893,697 <br /> b. If Funding Decreases: The cut will first be taken from the HOME Admin project. If the cut exceeds the Admin <br /> budget, the remaining amount will be proportionally taken from the other HOME projects. <br /> c. If Funding Increases: The extra funds will go to the Admin project up to 10% of the total of the grant. The rest will be <br /> proportionally added to the other HOME projects. <br /> In essence, the allocations are based on draft numbers and will adjust based on the actual funds received. <br /> The reallocations from CDBG and HOME funds were from projects that were either cancelled or did not require the full allocated <br /> budget. <br /> OMB Control No:2506-0117(exp.07/31/2025) 174 <br />
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