Dept/ Agency: Administration/Office of Management & Budget Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Budget Insertion Purpose: Neighborhood Stabilization Program III (All wards) Funding Source: United States Department of Housing and Urban Development Appropriation Amount: $2,018,637.00 Budget Year: 2012 Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale ( X ) Grant ( ) Sub-recipient ( ) n/a Additional Information: Funds accepted by Resolution #7R3n (AS) 021611 Operating Agency: Department of Economic & Housing Development Two-Thirds vote of full membership required.