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Intent to Release Funds – Grace Terrace Senior Housing

On or about April 13, 2014 the City of Mount Vernon will submit a request to HUD for the release of $400,000 in HOME Program funds under the HOME Investment Partnerships Act at title II of the Cranston Gonzalez National Affordable Housing Act, as amended, 42 U.S.C. 12701 et seq., to undertake a project known as Grace Terrace Senior Housing Development, for the purpose of constructing affordable housing for senior citizens at125-129 South Fifth Avenue,Mount Vernon, NY10550.

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