AGENDA CAPTION:
Title
Consider approval of Resolution 2018-134R, authorizing the submission of a Texas HOME Investment Partnerships Program application to the Texas Department of Housing and Community Affairs for the Homeowner Rehabilitation Assistance Activities Program; and authorizing the City Manager to act as the City's Executive Officer and authorized representative in all matters pertaining to the City's participation in the HOME Program; and declaring an effective date.
Body
Meeting date: August 7, 2018
Department: Planning and Development Services
Amount & Source of Funding
Funds Required: Click or tap here to enter text.
Account Number: Click or tap here to enter text.
Funds Available: Click or tap here to enter text.
Account Name: Click or tap here to enter text.
Fiscal Note:
Prior Council Action: Click or tap here to enter text.
City Council Strategic Initiative: [Please select from the dropdown menu below]
Workforce Housing
Choose an item.
Choose an item.
Comprehensive Plan Element (s): [Please select the Plan element(s) and Goal # from dropdown menu below]
☐ Economic Development - Choose an item.
☐ Environment & Resource Protection - Choose an item.
☐ Land Use - Choose an item.
☒ Neighborhoods & Housing - Diversified housing options to serve citizens with varying needs and interests
☐ Parks, Public Spaces & Facilities - Choose an item.
☐ Transportation - Choose an item.
☐ Not Applicable
Master Plan: [Please select the corresponding Master Plan from the dropdown menu below (if applicable)]
Choose an item.
Background Information:
One of the Workforce Housing’s Strategic Initiative is to maintain existing housing stock in safe conditions. The HOME Program provides Federal block grants to local governments designed exclusively to create affordable housing for low-income households. The program will provide funding for assisting lower income households with rehabilitation, reconstruction, or new construction.
This application for the HOME Program will be through the Texas Department of Housing and Community Affairs Reservation System with the following components that require Council Action:
• Confirmation that the City has a minimum of $40,000 in Local Cash Reserves (General Fund FY Audit Cash Reserves - $15,890,000)
• Commitment of 15% Local Match
• Council Resolution Authorizing the Application
Staff anticipates completing 2-4 homes per year with a minimum City match commitment of approximately $73,000 in cash and/or resources.
The HOME Program allows the City to provide Local Match in several ways:
• Cash/cash equivalents from non-federal sources
• Value of waived taxes, fees or charges associated with HOME projects
• Value of donated labor (includes volunteers)
• Value of donated professional services
• Donated site preparation (limit $1,500/unit)
• Donated demolition services (limit $4,000/unit)
• Cost of infrastructure improvements associated with HOME projects
• Value of donated use of site preparation or construction equipment and materials
• Donated real property
Council Committee, Board/Commission Action:
Click or tap here to enter text.
Alternatives:
Click or tap here to enter text.
Recommendation:
Recommend approving the Resolution to authorize the HOME Reservation Program application to the Texas Department of Housing and Community Affairs