CITY of MARYSVILLE 2007

COMMUNITY HOUSING IMPROVEMENT PROGRAM (CHIP)

 

SECOND PUBLIC HEARING

MARCH 8, 2007

7 p.m.

 

MARYSVILLE CITY HALL

 

Date of Public Notice:  February 26, 2007

            The City of Marysville intends to apply to the Ohio Department of Development’s Office of Housing and Community Partnerships for funding under the Ohio Small Cities Community Housing Improvement Program (CHIP), a federally-funded program administered by the State of Ohio.  Marysville is eligible for $500,000 of FY 2007 Community Development Block Grant (CDBG), HOME and Ohio Housing Trust Fund funding, provided the city meets applicable program requirements.  On January 25, 2007, Marysville conducted its first public hearing to inform citizens about the CHIP program, how it may be used, what activities are eligible, and other important program requirements. 

           

Based on citizen input, local officials’ assessment and the Housing Advisory Committee recommendations of Marysville’s needs, Marysville is proposing to undertake the following CHIP activities for FY 2007.

 

  1. Private Owner Rehabilitation-6 units up to $35,000 each for a total $212,000
  2. Home Repair-19 units at $5,000 each for a total of $125,000
  3. Down Payment Assistance with Rehabilitation (DPA)-3 units up to $32,000 each for a total of $103,000.  Additional mortgage funds up to a total of $300,000 will be leveraged.
  4. Homeownership Education for DPA 3 households. 
  5. Each total cost includes soft costs (implementation and delivery costs).

 

Each assistance program has income requirements.  To be eligible, family must own their own home or be a first-time homebuyer.  These programs are designed to meet National Objective #1: to primarily benefit low- and moderate-income persons.

 

      A second public hearing will be held on March 8, 2007 at 125 E. Sixth Street in Marysville, Ohio to give citizens adequate opportunity to review and comment on the city’s proposed CHIP application, including the proposed activities summarized above, before the city submits its application to the Ohio Department of Development on April 5, 2007.  Citizens are encouraged to attend this meeting to express their views and comments on the city’s proposed CHIP application.  The City of Marysville is an Equal Housing Opportunity Lender.