Does anyone have experience with with CDBG grants for affordable housing? A not for profit has approached my City asking the City to apply for a CDBG grant that City could pass onto them to acquire an apartment complex, explaining that a condition on receiving the money would be that they would have to maintain an occupancy threshold (51% of the occupants must be at 80% of the area median income), that City would place a lien on the property and that there would be deed restrictions. The materials they sent are lacking on what the actual terms would be for the City if it received the money, and they are saying they are on a very tight time crunch (9/17 to receive and spend the funds). There are obviously many, many questions I have about this, but I was curious if anyone else has had occasion to look into something like this. Matt