By Judy Gilleland
Great news! Although the City lost $120,000 in CDBG funds for fiscal 2011, we received notice this week that are gaining $577,000 in NSP 3 funding.
Butler County received $1.2 million in NSP 3 funding and the target census tracks for NSP 3 are almost exclusively in the cities of Hamilton and Middletown. Despite many other budget reductions, NSP 3 has not been cut and the County will be sending a subrecipient agreement for the City to sign to accept the $577,000 sub-grant.
The budget for our portion of the grant is:
$295,000 = Acquisition and Rehab ( < 120% LMMI )
$182,000 = Acquisition and Rehab ( < 50% LMI )
$100,000 = Demolition of Blighted Properties
Total = $577,000