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Amount Amount <br /> Requested Recommende <br /> Agency d <br /> 8. CDBG Administration &Planning—CDBG $175,734 $175,734 <br /> Administration is an important aspect of the CDBG program, <br /> making sure of the timely completion of projects and proper <br /> management of sub grantees.The planning aspect of the <br /> CDBG funding complements the physical improvements in the <br /> neighborhoods by promoting appropriate land use, historic <br /> preservation, and economic development planning. <br /> 9. Community Housing Improvement Program $350,000.00 $390,603 <br /> Administration/Loans - CDBG ($390,603) <br /> CHIP provides housing rehabilitation services and loans to <br /> Everett properties. Rehabilitation services (loan processing, <br /> preparation of bid specifications, selection and monitoring of <br /> contractors) are provided to homeowners and landlords <br /> whose property is located within the program boundaries. A <br /> variety of loans (conventional, guaranteed, reduced interest, <br /> and deferred payment) are available to homeowners based on <br /> income. Due to accounting changes required by HUD all <br /> funding is put into Fund 197 and is used for administration <br /> and rehabilitation projects. <br /> 10. Community Housing Improvement Program Est. $285,220 $342,217 <br /> -Loans - HOME <br /> Total $1,379,683 <br /> 17 <br />