STRATEGIC PRIORITY: Human and Social Needs
AGENDA DATE: November 11, 2020
COUNCIL DISTRICT(S):|910|DEPARTMENT: Office of Homeless Solutions
EXECUTIVE: Kimberly Bizor Tolbert
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SUBJECT
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Authorize (1) an amendment to the loan agreement with PWA Coalition of Dallas, Inc. dba AIDS Services of Dallas and PWA Holdings LLC for substantial rehabilitation of the property located at 511 North Lancaster Avenue to (a) increase the amount of the loan by $235,000.00, from $1,190,445.00 to $1,425,445.00; and (b) extend the completion date from September 30, 2020 to September 30, 2022; and (2) execution of any and all documents required by the amendments - Not to exceed $235,000.00 - Financing: 2020-21 Housing Opportunities for Persons with AIDS Grant Fund (subject to appropriations)
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BACKGROUND
This rehabilitation project consists of substantial rehabilitation of a property, located at 511 North Lancaster Avenue, to convert 8 housing units (4 one-bedroom units and 4 two-bedroom units) into 12 housing units (8 one-bedroom units and 4 efficiencies). Upon completion, 8 of the 12 housing units must be maintained to provide permanent housing for independent living for low-income persons living with HIV/AIDS for a minimum use period of not less than 10 years after the rehabilitation is completed, which is maintained through deed restrictions. Through separate, outside sources, PWA Coalition has been able to expand the development with the addition of four units.
On October 10, 2019, HUD granted a one-year extension of the FY 2016 HOPWA Grant for this project due to process delays, specifically relating to completion of the required environmental review. At that time, the City and ASD were committed to completing the project by September 30, 2020, but recognized that it was an aggressive timeline.
On November 13, 2019, City Council approved an amendment to the loan agreement with PWA Coalition to e...
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