Lake County, IL
File #: 12-0043    Version: 1 Name: Recapture/Resale Action Plan Amendments
Type: commission action item Status: Passed
File created: 1/12/2012 In control: Housing and Community Development Commission
On agenda: Final action: 1/18/2012
Title: Resale/Recapture Guideline Amendments
Attachments: 1. Lake County Resale and Recapture Guidelines for Homebuyers
Related files: 12-0191, 12-0192

Title

Resale/Recapture Guideline Amendments

 

Staff Summary

                     Lake County has revised its Resale/Recapture Guidelines in the 2012 Action Plan.

                     These guidelines explain how and when funds are paid back to the County for HOME funded projects.

                     The new guidelines should be implemented in previous Action Plans as well for consistency.

                     Staff seeks Commission approval to begin the substantial amendment process for previous Action Plans to incorporate the new Resale/Recapture Guidelines.