By Scottsdale Independent
Scottsdale City Council will vote April 14 on whether to return $855,000 of unused grant funds originally meant to create affordable housing in Scottsdale.
Scottsdale received approximately $1.2 million of federal grant money in 2011 to increase affordable housing options for first-time homebuyers, a city staff report states.
Unused funds must be returned to keep in compliance with the grant agreement.
Newtown Community Development Corp. was allocated the funds for fiscal years 2011-12 through 2014-15 to purchase, rehabilitate and resell single family homes to income-eligible residents, the report continues.
