City of Alexandria Notice of 30 Day Comment Period

The City of Alexandria is accepting  public comments regarding a program amendment to the City’s FY 2013 Action Plan for Housing and Community Development to create a new program: Rebuilding Together Alexandria Neighborhood Stabilization Program. The draft program amendment (Attachment I) reflects the proposed reallocation of $1,000,000 in CDBG and HOME Funds. The CDBG funds would be a reallocation of funds from the Home Rehabilitation Loan Program and the HOME Funds would a reallocated from the Housing Opportunities Fund. Based on the projected loan amounts and the carryover amount from FY 2012 needed to support FY 2013 loan activity, staff has determined that $500,000 in CDBG funds may be transferred from the Home Rehabilitation Loan Program without impacting service level. The program amendment has a 30-day comment period and will be docketed for Public Hearing and City Council consideration at the Council meeting to be held Saturday, February 23, 2013.