This ordinance authorizes the appropriation in an amount up to $1,173,587.48, the transfer between object classes in an amount up to $126,639.13, and the expenditure of funds in an amount up to $1,500,000.00 of the 2019, 2020, 2021, and 2022 HOME Investment Partnerships Program, and the HOME Investment Partnerships ARP Program (HOME-ARP) funds from the U.S. Department of Housing and Urban Development; authorizes the Director of the Department of Development to enter into separate commitment letters, loan agreements, promissory notes, mortgages, and restrictive covenants with Nelson Park Preservation Association LLC, in an amount up to $1,500,000.00 for the Nelson Park Apartments project based on their funding sources; and to authorize an emergency. ($1,500,000.00) (Amended by ord. 2471-2025 passed on 9/29/2025 - LG)

Ordinance Passed Introduced April 23, 2025

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