DEPARTMENT: Neighborhood and Housing Services
DEPARTMENT HEAD: Veronica R. Soto, Director
COUNCIL DISTRICTS IMPACTED: Council Districts 2 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 an Ordinance (1) authorizing the allocation of up to $2,545,000.00 of FY 2018 HOME Investment Partnerships Program (HOME) entitlement funds and the reprogramming of up to $837,000.00 of HOME funds from two cancelled activities from FY 2017 for: (a) up to $1,600,000.00 for the development of the Lord Road Apartments; (b) up to $1,659,000.00 for the development of the Lenwood Heights Subdivision-Phase III project; (c) up to $75,000.00 to Habitat for Humanity of San Antonio for operating expenses; and (d) up to $48,000.00 to Alamo Community Group for operating expenses; and (2) approving a substantial amendment to the FY 2018 Action Plan and Budget to reprogram said funds in the amount of $837,000.00.
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 $837,000.00 in HOME funds for reprogramming as a result of two cancelled activities which can now be allocated to new 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 managers evaluated the applications utilizing evaluation criteria related to the HOME Program Require...
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