Legislation Details

File #: 15-4591    Version: 1 Name:
Type: Contract Status: Unfinished Business
File created: 1/12/2017 In control: Planning and Economic Development Standing Committee
On agenda: 11/17/2016 Final action:
Title: Status of Office of Contracting and Procurement Contract No. 6000438 - 100% City Funding - To Increase by $3,000,000.00 in CDBG funds to Provide 0% Loans for Home Rehabilitation for Home Owners. Develop and Assist in Managing a Loan Pool for Housing Rehabilitation for Existing Homeowners. (Zero Per Cent Interest Home Loan Repair Program). Matching Funds of $4,000,000.00 Already Raised by Local Initiatives Support Corporation (LISC). Request for Increase in Funds and Extension of Current Contract. - Contractor: Local Initiatives Support Corporation, Location: 660 Woodward Avenue, Suite 1600, Detroit, MI 48226 - Contract Period: January 1, 2017 through December 31, 2018 - Added Contract Amount: $3,000,000.00 - Total Contract Amount: $9,600,000.00. HOUSING AND REVITALIZATION (BROUGHT BACK AS DIRECTED ON 11-10-16)
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Status of Office of Contracting and Procurement Contract No. 6000438 - 100% City Funding - To Increase by $3,000,000.00 in CDBG funds to Provide 0% Loans for Home Rehabilitation for Home Owners.  Develop and Assist in Managing a Loan Pool for Housing Rehabilitation for Existing Homeowners.  (Zero Per Cent Interest Home Loan Repair Program).  Matching Funds of $4,000,000.00 Already Raised by Local Initiatives Support Corporation (LISC).  Request for Increase in Funds and Extension of Current Contract. - Contractor:  Local Initiatives Support Corporation, Location: 660 Woodward Avenue, Suite 1600, Detroit, MI 48226 - Contract Period: January 1, 2017 through December 31, 2018 - Added Contract Amount:  $3,000,000.00 - Total Contract Amount: $9,600,000.00. HOUSING AND REVITALIZATION (BROUGHT BACK AS DIRECTED ON 11-10-16)

 

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