03-23-1992 Council Packet - Laserfiche WebLink

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• « W ♦ 3 / 9 J SUMMARY INFORMATION ON WeCAN’S HOPE 3 GRANT APPLICATION p. 2 WoCAN GRANT APPLICATION SimMARY WeCAN is applying for a $50,000 HOPE 3 Planning Grant for the purposes of assessing the stock of eligible properties, training and technical assistance, feasibility studies, ic.*ntification o counseling/traini ng curricula and sources, planning for eligible economic development activities for homebuyers, administrative costs, and preparing an Implementation Grant application. WeCAN*S HOPE 3 PLANNING GRANT BUDGET WeCAN will apply to use a $50,000 HOPE 3 Planning Grant as follows: $35,000 Housing Program Manager, gross salary Administrati :>n Clerical support Equipment and supplies Training & technical assistance TOTAL 7.500 3,000 3,000 1.500 $50,000 GEOGRAPHIC SCOPE The area WeCAN' is proposing to work in includes the cities of Spring Park, Tonka Bay, Mound, eastern Minnetrista, .and western Orono. PROJ ECT GOALS Planning work goals are the following: f To identify and assess at least 10 eligible properties in this t To^identif/ about 25 potential low-income families who could qualify aj first-time homebuyers under a HOPE 3 Implementation Grant ^ m > To provide training and technical assistance to at least lu WeCAN Boardmembers, Housing Committee members, and other interested community leaders in the formation and management or a nonprofit housing development corporation capable of operating a HOPE 3 Implementation Grant ^ e ■ *. f; * To identify housing support services appropriate lor tirst-time homebuyers, such as financial counseling, home r,= pair and home maintenance education, and job training and self-sufficiency activities „ * To conduct feasibility studies on making specific properties affordable to eligible low-income families * To conduct feasibility studies cn operating a cost-ettective, meaningful homeownership program * To preppre a HOPE 3 Implementation Grant application J