Title
Public Hearing on Oak Hill SLF - Round Lake Beach LP Project Cancellation
Staff Summary
· Oak Hill SLF was conditionally awarded a HOME grant during the 2011 application cycle.
· This award was contingent upon full receipt of anticipated funds from the US Department of Housing and Urban Development.
· Due to a decreased allocation, there were insufficient funds to grant an award to the project.
· The project was able to go forward despite the lack of HOME funds.
· A public comment period and hearing are required to formally cancel the project.