STRATEGIC PRIORITY: Economic and Neighborhood Vitality
AGENDA DATE: February 26, 2020
COUNCIL DISTRICT(S):|910|DEPARTMENT: Department of Housing & Neighborhood Revitalization
EXECUTIVE: Michael Mendoza
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SUBJECT
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Authorize an amendment to Resolution No. 18-0279, previously approved on February 14, 2018, the loan agreement and conditional grant agreement with East Dallas Community Organization for construction of 8 eight homes for low and moderate mixed income families to (1) extend the HOME loan agreement and the Bond Conditional Grant Agreement completion date from December 31, 2018 to December 31, 2021; (2) increase the affordable units under the conditional grant agreement from two to six and include reporting/performance thresholds; and (3) reduce the HOME amount of units under the loan agreement from $807,740.00 six to two, reduce funding from up to $900,000.00 to $198,256.00 and close out the appropriation; and (3) amend the terms and include reporting/performance thresholds of the 2012 Bond Conditional Grant Agreement - Financing: No cost consideration to the City
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BACKGROUND
On June 27, 2012, City Council authorized adoption of the final FY 2012-13 Consolidated Plan Budget for U.S. Department of Housing and Urban Development (HUD) Grant Funds Fund for the following programs: Community Development Block Grant (CDBG), HOME Investment Partnerships Program (HOME), Housing Opportunities for Persons with AIDS (HOPWA), and Emergency Solutions Grant (ESG); and adoption of the FY 2011-12 Reprogramming Budget by Resolution No. 12-1629.
On June 26, 2013, City Council authorized adoption of the final FY 2013-14 Consolidated Plan Budget for HUD Grant Funds Fund for the following programs: CDBG, HOME, HOPWA, and ESG; adoption of the FY 2012-13 Reprogramming Budget; and submission of the new Five-Year Consolidated Plan for the period October 1, 2013 through September 30, 2018, by Resolut...
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