STRATEGIC PRIORITY: Economic and Neighborhood Vitality
AGENDA DATE: August 12, 2020
COUNCIL DISTRICT(S): All
DEPARTMENT: Department of Housing & Neighborhood Revitalization
EXECUTIVE: Dr. Eric A. Johnson
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SUBJECT
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A public hearing to receive comments on Substantial Amendment No. 4 to the FY 2019-20 Action Plan to amend the rehabilitation loan program to increase the maximum loan amount from $40,000.00 to $50,000.00 and to change the loan terms from repayable to forgivable annually; and at the close of the public hearing, authorize final adoption for the amendments to the Home Improvement and Preservation Program funded by Community Development Block Grant Funds - Financing: No cost consideration to the City
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BACKGROUND
On June 24, 2020, City Council authorized a (1) preliminary adoption of Substantial Amendment No. 4 to the FY 2019-20 Action Plan for the Home Improvement and Preservation Program funded by Community Development Block Grant funds (CDBG) to amend the rehabilitation loan program to increase the maximum loan amount from $40,000.00 to $50,000.00 and to change the loan terms from repayable to forgivable annually; and (2) public hearing to be held on August 12, 2020, to receive comments on Substantial Amendment No. 4 to the FY 2019-20 Action Plan.
On June 12, 2019, City Council authorized the FY 2019-20 through FY 2023-24 Five-Year Consolidated Plan and the FY 2019-20 Annual Action Plan for U.S. Department of Housing and Urban Development (HUD) programs including the CDBG, HOME Investment Partnerships Program Grant (HOME), Emergency Solutions Grant (ESG), and Housing Opportunities for Persons with AIDS Grant (HOPWA). The Action Plan provides a detailed description of programs and services to be undertaken with the grant funds over the twelve-month period of October 1, 2019 through September 30, 2020, to address priority needs in the community designed to improve Dallas re...
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