STRATEGIC PRIORITY: Economic and Neighborhood Vitality
AGENDA DATE: September 9, 2021
COUNCIL DISTRICT(S): All
DEPARTMENT: Department of Housing & Neighborhood Revitalization
EXECUTIVE: Dr. Eric A. Johnson
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SUBJECT
title
Authorize amendments to the following programs under the Comprehensive Housing Policy (CHP) to (1) amend the Home Improvement and Preservation Program (HIPP) to (a) modify the Major Rehabilitation Forgivable Loan Program, for applications accepted after September 9, 2021, to revise (i) the program name; (ii) revise the funding cap from $50,000.00 to 27% of the HOME Homeownership Value Limits ("Value Limits") per home (currently $66,420.00), as established by the U.S. Department of Housing and Urban Development ("HUD"); and (iii) update program administration; (b) modify the Subrecipient Minor Home Repair Grant Program to (i) remove the 1:1 match; (ii) decrease the maximum assistance from $10,000.00 to $4,999.99 per home; and (iii) revise the program name and eligibility requirements; (c) modify the Housing Reconstruction Program to (i) revise the funding cap from $160,000.00 to 75% of the Value Limits per home (currently $184,000.00); (ii) revise the underwriting criteria; and (iii) revise the program name; (d) modify the Landlord Rental Repair Program to (i) revise all program requirements, including but not limited to funding and eligibility terms, to be consistent with the forgivable loan structure of other HIPP programs; and (ii) revise the per house funding cap from $40,000.00 to 27% of Value Limits per home (currently $66,240.00); and (iii) revise the program name; (2) amend the Community Land Trust Program to expand the nonprofit eligibility requirements to be consistent with recent legislation; (3) amend Appendix 18, Targeted Rehabilitation Program - West Dallas Sub-Program Module to clarify the requirements when bond funds are utilized; and (4) amend Appendix 19, Targe...
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