Neighborhood Conservation

InitiativeFinal Application Due

January 15, 2009

Application Details Program has been funded to State of Maryland by

federal government in response to foreclosures Over $16.9 million available statewide to

governments and public housing authorities Local Application Partners

City of Cumberland Allegany County HRDC

Allegany County Foreclosures Heaviest rates of

foreclosure include: Neighborhoods

surrounding the central core of Cumberland

LaVale Westernport Frostburg (to a lesser

extent)

Source: MD Department of Housing and Community Development

Targeted Cumberland Neighborhoods Boundaries Include:

Rolling Mill Chapel Hill Baltimore Ave Goethe Street Decatur Street

Project List Provide 3 new affordable homeownership opportunities for

families with up to 120% area median income Create 5 new affordable lease to own opportunities for

households at 50% of area median income Provide pre-purchase housing counseling for homeownership

and lease-to-own programs Acquisition, rehabilitation or blight removal, and reuse of

foreclosed and/or abandoned properties Community infrastructure – HRDC parking –VA Ave Westernport Targeted Site Redevelopment Total request = $550,000.00 (Cumberland) $50,000 (County)