SUBJECT
title
A Resolution of the City Council of the City of Laredo, Texas, authorizing the City Manager to submit the 2026-2027 One Year Action Plan to U.S. Department of Housing and Urban Development (HUD), request for funding in the amounts of $2,863,269.00 the 52nd Action Year Community Development Block Grant (CDBG) funds, $966,207.62 through the HOME Investment Partnership Program, and $251,324.00 through the Emergency Solutions Grant (ESG). An additional $80,000.00 is anticipated to be received in Housing Rehabilitation Revolving Loan Funds, $100,000.00 in Program Income (PI) to fund the Section 108 Loan Repayment, and $150,000.00 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:
52nd AY Community Development Block Grant |109|Community Development Administration $572,650|109|Housing Rehabilitation Administration $390,619|109|Housing Rehabilitation Loan Program $800,000|109|Homeless Services - Bethany House Expansion Project $400,000|109|Section 108 Loan Repayment (EN & PI) $400,000|109|Rental Rehabilitation Program $400,000
TOTAL: $2,963,269
Revolving Loan
7 Housing Rehabilitation Revolving Loan Administration $10,000
8 Housing Rehabilitation Revolving Loan Program $70,000
TOTAL $80,000
HOME Investment Partnership Grant |10 9|HOME Program Administration $96,207.62
10 Down Payment Assistance Program $180,000
11 Tenant-Based Rental Assistance (PI & EN) $415,000
12 Community Housing Development Organization (CHDO) $150,000
13 Homeowner Reconstruction Program $125,000
14 HOME Affordable Rental Housing Program $150,000
TOTAL $...
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