SUBJECT
title
A Resolution of the City Council of the City of Laredo, Texas, authorizing the City Manager to submit the 2024-2025 One Year Action Plan to U.S. Department of Housing and Urban Development (HUD), request for funding in the amounts of $3,032,219.00 the 50th Action Year Community Development Block Grant (CDBG) funds, $957,641.00 through the HOME Investment Partnership Program, and $286,641.00 through the Emergency Solutions Grant (ESG). An additional $80,000.00 is anticipated to be received in Housing Rehabilitation Revolving Loan Funds, and $125,000.00 in HOME Program Income. Also authorizing the City Manager to execute all documents as a result of the Plan's submission. The plan identifies the projects proposed to be funded by HUD through entitlement program funds and anticipated program income, which are as follows:
50th AY Community Development Block Grant
1) Community Development Administration
$606,000.00
2) Housing Rehabilitation Administration
$355,866.00
3) Housing Rehabilitation Loan Program
$578,292.00
4) Code Enforcement
$625,000.00
5) Homeless Services - Bethany House Expansion Project
$440,000.00
6) Section 108 Loan Repayment
$300,000.00
7) Rental Rehabilitation Program
$127,061.00
TOTAL: $3,032,219.00
Revolving Loan
8) Housing Rehabilitation Revolving Loan Administration
$7,000.00
9) Housing Rehabilitation Revolving Loan Program
$73,000.00
TOTAL: $80,000.00
HOME Investment Partnership Grant
10) HOME Program Administration
$95,000.00
11) Down Payment Assistance Program
$180,000.00
12) Tenant-Based Rental Assistance (PI & EN)
$307,641.00
13) Community Housing Development Organization (CHDO)
$200,000.00
14) Homeowner Reconstruction Program
$150,000.00
15) HOME Affordable Rental Ho...
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