DEPARTMENT: Neighborhood and Housing Services
DEPARTMENT HEAD: Veronica R. Soto, Director
COUNCIL DISTRICTS IMPACTED: Council Districts 2, 4, and 6
SUBJECT:
FY 2018 HOME Investment Partnerships (HOME) Program Funding Recommendations and Substantial Amendment #1 (Reprogramming) to the FY 2018 Action Plan and Budget
SUMMARY:
Consideration of the allocation of $2,545,000.00 in FY 2018 HOME Entitlement and reprogramming $1,437,000.00 in cancelled activities from previous year's HOME funds for: (a) up to $1,600,000.00 in for the development of Lord Road Apartments; up to $1,659,000.00 in HOME Community Housing Development Organization (CHDO) funds for the development of Lenwood Heights Subdivision-Phase III; up to $600,000.00 in HOME CHDO funds for the development of Tarasco Neighborhood; up to $75,000.00 in HOME CHDO Operating Expense funding for Habitat for Humanity of San Antonio; up to $48,000.00 in HOME CHDO Operating Expense funding for Alamo Community Group; (b) approval of reprogrammed funds represents Substantial Amendment #1 (HOME Reprogramming) to the FY 2018 Action Plan and Budget in the amount of $1,437,000.00.
BACKGROUND INFORMATION:
On August 3, 2017, City Council approved the FY 2018 HOME Investment Partnerships Program Budget totaling $4,898,909.00, which included $1,250,000.00 set aside for Multi-Family Rental Housing Development, $1,220,000.00 set aside for CHDO Single-Family New Construction Development, and $75,000.00 set aside for CHDO Operating Expense Funding. Subsequently, staff identified $1,437,000.00 in HOME funds for reprogramming as a result of cancelled activities which can now be allocated to different activities.
ISSUE:
The Neighborhood and Housing Services Department (NHSD) issued a Request for Applications (RFA) for Multi-Family Rental Housing Development, CHDO Single-Family New Construction Development, and CHDO Operating Expense Funding. Three separate panels comprised of City executives and/or senior manage...
Click here for full text