Sarasota News Leader

03/14/2014

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It will be up to the Sarasota City Commission first and then the County Commission to decide how to utilize funds both boards have set aside to help low-income homeowners. Don Hadsell, director of the Sarasota O f f i c e o f H o u s i n g a n d C o m m u n i t y D e v e l o p m e n t , t o l d The Sarasota News L e a d e r t h i s w e e k that an official of the U.S. Department of Housing and Urban Development (HUD) finally had confirmed for him that if the city provided a loan through the Down Payment Assistance Program and the recipient defaulted on it, the city would be responsi- ble for paying back the money to HUD from city funds. Hadsell is working w i t h Ti m L i t c h e t , the city's director of n e i g h b o r h o o d a n d development services, on an agenda item for the April 7 City Commission meeting. The U.S. Department of Housing and Urban Development has numerous programs to assist people with housing. Image from HUD THE CITY COMMISSION WILL HAVE FIRST CRACK AT DECIDING HOW TO PROCEED IN THE WAKE OF FEDERAL CAUTION REGARDING AN AFFORDABLE HOUSING PROGRAM Do we want to take on this financial liability/responsibility? Don Hadsell Director Sarasota Office Of Housing and Community Development ABOUT THAT MONEY ... By Rachel Brown Hackney Editor

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