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First-Tune Homebuyer Program Appropriation 4 January 7, 2008 <br />Budget Authority <br />The Redevelopment Agency has the authority to utilize Set Aside funds on eligible housing <br />activities in compliance with California Redevelopment Law (CRL). <br /> <br />Perry Carter <br />Interim Finance Director <br />Attachments <br />None <br />CONCLUSION <br />Staff recommends that the Redevelopment Agency authorize, by resolution, an additional <br />appropriation of $l 50,000 in Set Aside Funds for the First Time Homebuyer Program. <br />