Appropriating $300,000.00 Development Block Grant Fund Continue Project Rebate

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ORDINANCE NO. to 3C y -7 g AN ORDINANCE APPROPRIATING $300,000.00 FROM THE COMMUNITY DEVELOPMENT BLOCK GRANT FUND, TO CONTINUE PROJECT REBATE (HOUSING REHABILITATION), TO BE ADMINISTERED BY THE CITY OF SOUTH BEND THROUGH ITS DIVISION OF COMMUNITY DEVELOPMENT AND THE BUREAU OF HOUSING. STATEMENT OF PURPOSE AND INTENT: The City of South Bend, in creative and affirmative partnership with city residents, private enterprise, and the Federal Government, is committed to the national goal of "a decent home and suitable living environment" for all persons. In attempting to achieve this goal, the City has developed programs to financially assist moderate, as well as, low - income persons in their effort to acquire and /or maintain safe, adequate, and affordable housing through the provision of services, loans, and /or grants. Project Rebate, a housing rehabilitation program based on the concept of leveraging limited public resources through private in- vestment and reinvestment in housing rehabilitation, has proved to be an extremely successful program. In order to meet the demand generated by Project Rebate, additional funds are required. NOW, THEREFORE, BE IT ORDAINED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The sum of $300,000.00 is hereby appropriated for the program year starting July 7, 1978 from the City of South Bend's Community Development Block Grant Fund (Program Year 1978). The approp- riation shall be used within the boundaries of the Community Development Neighborhood Strategy Areas as approved by the United States Department of Housing and Urban Development under Title Twenty -Four (24), Code of Federal Regulations, Part Five Hundred and Seventy (570) for Community Development Program Year 1978. The appropriation shall be administered by the Division of Community Development and the Bureau of Housing and will be administered as set forth below: PROGRAM -CD -78 -lo4 COMMUNITY DEVELOPMENT PROGRAM PURPOSE AMOUNT Percentage Cash Rebates $300,000.00 SECTION II. This Ordinance shall be in full force and effect from and after its passage by the Common Council and approval by the Mayor. 1st READING G . a 9 -.7 PUBLIC NEARING 2—,,o . ] 2nd READING NOT APPROVED REFERRED PASSES Member of the Common Council FILED IN CLERK'S OFFICE JUN 211978 Irene Gammon CITY `LERik, "TH 600, M.