Lake County Illinois - File #: 12-0043

• 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
• Final action: 1/18/2012
• Title: Resale/Recapture Guideline Amendments
• Related files: 12-0191, 12-0192

Date	Ver.	Action By	Action	Result
1/18/2012	1	Housing and Community Development Commission	approved	Pass

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.