SUBJECT
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A Resolution of the City Council of the City of Laredo, Texas, authorizing the City Manager to submit the 2025-2029 Five Year Consolidated Plan, and its 2025-2026 One Year Action Plan to U.S. Department of Housing and Urban Development (HUD). The City anticipates receiving $2,859.543.00 in the 51st Action Year Community Development Block Grant (CDBG) funds, $946,902.88 through the HOME Investment Partnerships Program, and $266,495.00 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 City of Laredo Community Development Department's plan identifies the projects to be funded by HUD through entitlement program funds and anticipated program income, which are as follows:
51st AY Community Development Block Grant
1) Community Development Administration $571,908.00
2) Housing Rehabilitation Administration $387,635.00
3) Housing Rehabilitation Loan Program $800,000.00
4) Public Service - Homeless Services $400,000.00
5) Section 108 Loan Repayment $400,000.00
6) Rental Rehabilitation Program $300,000.00
TOTAL: $2,859,543.00
Revolving Loan
7) Housing Rehabilitation Revolving Loan Administration $10,000.00
8) Housing Rehabilitation Revolving Loan Program $70,000.00
TOTAL: $80,000.00
HOME Investment Partnerships Grant
9) HOME Program Administration $94,500.00
10) Down Payment Assistance Program ...
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