SUBJECT
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Authorizing the City Manager to enter into contract and award 2024 HOME Investment Partnerships Program (HOME), Community Housing Development Organization (CHDO) set-aside funds in the amount of $150,000.00.
1. $150,000.00 to Habitat for Humanity of Laredo, for the construction of two single- family homes.
Funding is available in the Home Investment Partnership Fund.
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VIVA LAREDO PLAN ALIGNMENT
Alignment Rating: Strong
Supporting goal(s)/policy(ies):
Policy 4.1.1 - "Encourage the development of affordable housing in appropriate locations throughout the city." (Viva Laredo Comprehensive Plan, p. 4.4)
This policy is directly supported as the HOME CHDO set-aside funds are specifically allocated for the construction of affordable single-family homes.
Policy 4.1.2 - "Support partnerships with nonprofit and private developers to increase the supply of affordable housing." (Viva Laredo Comprehensive Plan, p. 4.4)
The allocation to Habitat for Humanity, a nonprofit housing developer, exemplifies the Plan's directive to work collaboratively to expand affordable housing options.
Goal 4.1 - "Expand the supply of quality, affordable housing." (Viva Laredo Comprehensive Plan, p. 4.4)
The construction of two single-family homes directly increases the availability of affordable housing stock in Laredo.
Summary of alignment:
This agenda item strongly aligns with the Viva Laredo Comprehensive Plan's explicit goals and policies regarding affordable housing development. By allocating $150,000 from the HOME CHDO set-aside to Habitat for Humanity of Laredo for the construction of two single-family homes, the City is fulfilling Policy 4.1.1's directive to encourage affordable housing development and Policy 4.1.2's emphasis on fostering partnerships with nonprofit developers. The project directly contributes to Goal 4.1's call to expand the supply of quality, affordable housing, advancing broader planning themes of equity, neighborhood stability, and community d...
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