Lake County Illinois - File #: 14-0131

• File #: 14-0131
• Version: 1
• Name: Vote to broaden scope of AHP 2013 Foreclosure Mediation Program Grant
• Type: commission action item
• Status: Passed
• File created: 2/6/2014
• In control: Housing and Community Development Commission - Executive Committee
• Final action: 2/12/2014
• Title: Vote to broaden scope of AHP 2013 Foreclosure Counseling and Mediation Grant

Date	Ver.	Action By	Action	Result
2/12/2014	1	Housing and Community Development Commission	approved	Pass
2/12/2014	1	Housing and Community Development Commission - Executive Committee	approved	Pass
2/12/2014	1	HCDC Advisory and Recommendation Committee – Affordable Housing	approved	Pass

Title

Vote to broaden scope of AHP 2013 Foreclosure Counseling and Mediation Grant

Staff Summary

·    Given the success in funding its new Foreclosure Counseling and Mediation Program with the Lake County Courts, the Affordable Housing Corporation of Lake County (AHC) has requested to repurpose this new initiative's recent $45,000 grant from the Lake County Affordable Housing Program (AHP).  

·    AHC is requesting, and staff is recommending, that the scope of the AHP 2013 grant to AHC for $45,000 be expanded for use by the agency for a broader range of needs, such as general operating and homeownership education/counseling for clients who don't buy a home in the near-term. (On such clients, AHC operates at a loss because it doesn't earn the $500 counseling fee earned when a client buys a home with County assistance.)