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Title:
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REPORT - HOUSING AUTHORITY LOAN PROGRAM GUIDELINES UPDATE
BACKGROUND: To evaluate loan applications, the Housing Authority currently relies on the Low-Income Housing Production Subsidy Policy that was approved in 2000. To modernize the guiding principles of the Housing Authority, staff is recommending that the Housing Authority approve updated, streamlined guidelines to assist with the review and ultimate decision-making on loan applications.
RECOMMENDATION: It is recommended by the Housing & Community Services Department that the Housing Authority, by motion, approve the updated Affordable Housing Program Guidelines.
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