1. Neighborhood Conservation Initiative Final Application Due January 15, 2009

2. 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

3. 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

4. Targeted Cumberland Neighborhoods Boundaries Include: Rolling Mill Chapel Hill Baltimore Ave Goethe Street Decatur Street

5. 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)