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Title:
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RESOLUTION AUTHORIZING THE: 1) DEPARTMENT OF HOUSING TO CONDUCT A PILOT PROGRAM TO LOAN FUNDS TO QUALIFIED NON-PROFIT ORGANIZATIONS TO ACQUIRE AND REHABILITATE VACANT, BANK-OWNED, FORECLOSED SINGLE-FAMILY HOMES TO RESELL TO QUALIFIED LOW-INCOME BUYERS; AND 2) DIRECTOR OF THE DEPARTMENT OF HOUSING OR THE DIRECTOR'S DESIGNEE TO EXECUTE UP TO FOUR LOAN AGREEMENTS FOR A MAXIMUM OF $300,000 EACH, AND RELATED SECURITY INSTRUMENTS, FOR TRANSACTIONS CONFORMING TO EXISTING PROGRAM GUIDELINES WITH CERTAIN
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