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APPLICATION NO.: 85-613 2. PUBLIC/PRIVATE COMMIlMENTS a. Local Financial' COllII1itments b. Local Non-Financial COlllllitments c. Other Commitments 3. MANAGEMENT CAPABILITY a. Staff and Contractors b. Budget APPLICANT: Town of Otis (Town of Akron) L I M J H I I X I I The appllcants have commltted $2,000 for office expendi- tures. I I I I I I I Citizens advisory committees in-kind and participatory I efforts are evident. The applicants will provide admin- I istrative and office space/equip. in-kind amounting to I $10,000. I I I I I I I . Applicants propose to supplement CDBG project funds with FmHA loan/grant funds, DOE Wx funds, DOH funds and pri- vate loan funds. L I M I H I I I X I Applicant has access to qualified and experienced CDBG programmatic and fiscal staff. Project mgmt. plan is well-organi zed. .Progralllllatic and administrative budget will provide adequate resources to accomplish their stated goals. c. Statutory/Regula- tory Comp 1 i ance No statutory/regulatory compliance issues have been identified. PRO STATEMENTS: o Deferred-loan housing rehabilitation program would improve and upgrade the substandard housing stock and remove health and safety hazards such as electrical, plumbing, heating and structural items. o Program income resulting from loan repayments will be used to provide for further future rehabilitation assistance. . o Rehabilitated units frequently provide an impetus for surrounding neighborhood units to be upgraded. CON STATEMENTS: COMMENTS: o Local Priority: 1 of l. o Eligibility of activities: Eligible. o Validity of National Objectives: Valid as Low/Mod Benefit. o Applicant's timetable to complete their rehabilitation activities, about 37 units within a 10 month construction period, is moderately ambitious. .