Title
Request from the City of North Chicago to Use NSP3 Funds for Demolition Projects
Staff Summary
· The City of North Chicago is a subrecipient of both NSP and NSP3 funds.
· The NSP3 plan, in concert with HUD regulations, allows for 10% of the overall grant to be used for demolition purposes when local market conditions warrant it.
· The City is requesting to use the full 10% of the award in their allocation of NSP3 funds, which results in a small balance to be used for traditional NSP activities.
· The City's subrecipient agreement, the NSP3 Plan, and HUD regulations require the Commission to grant permission to carry out demolition projects.
· If allowed by the Commission, staff will work with HUD to properly implement such projects.