SUBJECT
Authorizing the City Manager to enter into contract and award 2023 HOME Investment Partnerships Program (HOME), Community Housing Development Organization (CHDO) set-aside funds in the amount of $200,000.00.
1. $200,000.00 to NeighborWorks Laredo, for the construction of two single- family homes.
Funding is available in the Home Investment Partnership Fund.
BACKGROUND
In 2023, the City received a HOME Investment Partnership Program Entitlement of $1,260,999.00 through statutory requirements; the City is obligated to set aside 15% of the Program Year's funds for use by a CHDO(s).
A Community Development Housing Organization (CHDO) is a private, non-profit organization that engages in the development of affordable housing and meets the requirements as stipulated in the Home Investment Partnerships Program (HOME) Rule. In order for a CHDO to receive HOME funds, a CHDO must act as a developer, sponsor, and/or owner of housing. NeighborWorks Laredo is a CHDO's.
Habitat for Humanity of Laredo and NeighborWorks Laredo submitted proposals, which were reviewed and assessed by a City Staff committee. Based on the evaluation scores, it is recommended that Habitat for Humanity of Laredo receive no funding, as they have previously been allocated funds that remain unspent and to award $200,000.00 to NeighborWorks Laredo to construct two (2) single family housing units.
NeighborWorks of Laredo must submit site location to the City for environmental review, decision-making and other actions in compliance with 24CFR, Part 58 prior to project start.
COMMITTEE RECOMMENDATION
N/A
STAFF RECOMMENDATION
That this Motion be passed.
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Fiscal Impact
Fiscal Year: 2025
Budgeted Y/N?: Y
Source of Funds: HOME INV. FUND
Account #: 217-6968-563-7530
Change Order: Exceeds 25% Y/N: N.
FINANCIAL IMPACT:
Funding is available in the HOME Investment Partnerships Program (HOME) Fund $200,000.0...
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