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STAFF REPORT <br />PAGE TWO <br />JUNE 5, 1995 <br />The program term will run for six months, with cities having exclusive use of their <br />individual allotments, followed by a "collapse" of all individual allotments into a single, <br />statewide pool available to all MCPP participating cities for the final two months. <br />If we received funding for this program, it would allow new residents to purchase a <br />home and make additions to fit their needs. In addition, it would upgrade the <br />condition of selected houses. <br />See attached application packet. <br />