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Program Administration <br />TOTAL HOME PROGRAM FUNDS <br />$ 73,905 <br />$905,.3.36 <br />American Dream Downnavment Initiative <br />The American Dream Downpayment Initiative (ADDI) is a new program under the American Dream <br />Downpayment Act designed to increase the homeownership rate, especially among lower income and <br />minority households, and to revitalize and stabilize communities. Funds can be used for downpayments, <br />closing costs, and rehabilitation carried out in conjunction with the assisted home purchase. <br />$54,145 <br />BE IT FURTHER RESOLVED, that the Manager is hereby designated as the authorized <br />representative of the County to act in connection with the submission of'this plan and to provide such <br />additional information as maybe required by the U.S. Department of Housing and Urban Development.. <br />This the 4th day of May 2004. <br />