SUBJECT
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Authorizing the City Manager to amend Habitat for Humanity of Laredo, Inc. 2019 HOME Investment Partnerships Program (HOME) Community Housing Development Organization (CHDO) contract by reducing $30,045.59, and increasing their 2021 HOME CHDO contract to include 2019 HOME CHDO remaining funds. Funding is available in the Home Investment Partnership Project Fund.
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PREVIOUS COUNCIL ACTION
12/07/2020 - City council approved the City Manager to enter into multiple contracts and award 2019 HOME Investment Partnership Program (HOME), Community Housing Development Organization (CHDO) set-aside funds in the amount of $162,810.00.
1. $112,810.00 to Habitat for Humanity of Laredo, Inc. to acquire one (1) vacant lot and construct a single-family housing unit.
2. $50,000.00 to NeighborWorks Laredo, to assist in part with the construction of a single family housing unit by acquiring one (1) vacant lot.
02/22/2022 - City council approved the Interim City Manager to enter to enter into multiple contracts and award 2021 HOME Investment Partnership Program (HOME), Community Housing Development Organization (CHDO) set-aside funds in the amount of $200,000.00.
1. $150,000.00 to Habitat for Humanity of Laredo, Inc. to construct two (2) a single-family housing units.
2. $50,000.00 to NeighborWorks Laredo, to assist in part with the construction of a single family housing unit by acquiring one (1) vacant lot.
BACKGROUND
A Community Development Housing Organization (CHDO) is a private non-profit, community-based organization that has staff with the capacity to develop affordable housing within the community. The City must set aside a minimum of 15 percent of their HOME allocation for housing development activities in which qualified CHDO’s are the owners, developers, and/or sponsors of the housing. Habitat for Humanity of Laredo is a CHDO.
Habitat for Humanity of Laredo completed the construction of one home utilizing the 2019 HOME CHDO funds and has a remaining balance of $30,045.59. They are requesting to include the 2019 HOME CHDO remaining balance to their 2021 HOME CHDO contract to assist with the cost of the construction of two single-family units.
COMMITTEE RECOMMENDATION
N|A
STAFF RECOMMENDATION
recommendation
That this motion is approved.
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Fiscal Impact
Fiscal Year: 2024
Budgeted Y/N?: Y
Source of Funds: Home Inv. Partnership Project Fund
Account #: 217-6963/217-6965
Change Order: Exceeds 25% Y/N: N
FINANCIAL IMPACT:
Funding is available under 217-6963 and 217-6965 accounts.