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, 12. • The first priority for HOME funds is for CHIP housing rehabilitation loans, and those funds shall be <br /> allocated to the CHIP program as long as they are needed to fund housing rehabilitation loans. <br /> 13. Up to $300,000.00 in CHIP CDBG loan funds (Fund 197) may be used for downtown building <br /> improvements through a loan program with the same loan rates and terms of owner occupied CHIP <br /> loans. <br /> C uncilman ntroduc g esolution <br /> PASSED AND APPROVED BY CITY COUNCIL THIS 24 DAY OF April , 2013. <br /> Council President <br />