Lake County Illinois - File #: 10-1051

• File #: 10-1051
• Version: 1
• Name: Request for Project Changes: AHC
• Type: commission action item
• Status: Passed
• File created: 10/19/2010
• In control: Housing and Community Development Commission
• Final action: 10/27/2010
• Title: Request for Project Changes: Affordable Housing Corporation (AHC) First Time Homebuyer Programs
• Related files: 11-0848

Date	Ver.	Action By	Action	Result
10/27/2010	1	Housing and Community Development Commission	approved	Pass

Title

Request for Project Changes:  Affordable Housing Corporation (AHC) First Time Homebuyer Programs

Staff Summary

•                     AHC received funding in 2008, 2009 and 2010 for first time homebuyer programs in Lake County, North Chicago and Waukegan. 

•                     AHC is seeking changes to these programs in response to the mortgage meltdown and foreclosure crisis.

•                     Staff recommends that the Community Development Commission approve the proposed changes and authorize Staff to prepare revised contracts with AHC for each program.