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2 <br /> believe the best resolution will be to substitute awardees for the County funding, awarding the <br /> money to CASA and CHT instead of Self-Help. This is feasible because the Town has already <br /> committed funds to all three (3) partners, and a contract between the Town and Self-Help will be <br /> much more straightforward since Town owns the site to be developed. <br /> The Town has awarded $1 million in funds to CASA for vertical development, and over $500,000 <br /> to CHT. Therefore staff is proposing that the Board approve awarding those amounts to CASA <br /> and CHT, respectively, instead of the original awarded amount of $1.5M to Self-Help. Staff <br /> rationale is that the same amount of funds will ultimately be going to the same project that was <br /> originally awarded. It is only the distribution between funders and recipients that is changing. <br /> FINANCIAL IMPACT: There will be no financial impact to the County, as the awarded amount of <br /> $1.5M will remain the same, as will the awarded project. <br /> ALIGNMENT WITH STRATEGIC PLAN: This item supports: <br /> • GOAL 3: HOUSING FOR ALL <br /> OBJECTIVE 1. Allocate predictable funding sources to contribute or support adding to <br /> affordable housing stock. <br /> RECOMMENDATION(S): The Manager recommends that the Board approve and authorize the <br /> Chair to sign the attached resolution amending the 2020 Bond/CIP awards and directing <br /> $1,000,000 to CASA and $500,000 to Community Home Trust, redirecting $1,500,000 originally <br /> allocated to Self-Help. <br />