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CITY COUNCIL AGENDA MEMO |
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| | | | | | | | | MEETING DATE: | 12/11/2023 | | DEPARTMENT: | Community Services | | DIRECTOR: | Lori Schwarz, Director of Neighborhood Services | | AGENDA ITEM: | Consideration of a Resolution to authorize a funding agreement between the City of Plano and Habitat for Humanity of Collin County in an amount not to exceed $368,431 in U.S. Department of Housing and Urban Development HOME Investment Partnerships funds. | | RECOMMENDED ACTION: | Items for Individual Consideration |
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| | | | | | | | ITEM SUMMARY Consideration of a Resolution to authorize a funding agreement between the City of Plano and Habitat for Humanity of Collin County in an amount not to exceed $368,431 in U.S. Department of Housing and Urban Development HOME Investment Partnerships funds for the acquisition, rehabilitation, and resale of single-family homes for low to moderate income households; authorizing the City Manager, or his authorized designee, to execute all necessary documents; and providing an effective date. Adopted Resolution No. 2023-12-3(R) |
| | | | | | | | BACKGROUND On August 24, 2023, after the review and approval of CHDO Application documentation, Habitat for Humanity of Collin County was certified as the City’s second active CHDO. This certification expands the availability of U.S. Department of Housing and Urban Development HOME Investment Partnerships (HOME) Grant funds that the organization is eligible to use, if such funds are awarded.
On November 10, 2023, Celeste Cox, President/CEO of Habitat for Humanity of Collin County, submitted a CHDO funding application to assist the organization in their efforts to create affordable housing that will result in two affordable homes being available for sale to low income households in Plano. The application requests a total of $368,430.87 in CHDO funds to rehabilitate an unoccupied single family home for sale to a low income household, as well as purchase a single family home for rehabilitation and resale to a low income household.
At their November 30, 2023, CRC meeting, commissioners approved the recommendation of CHDO and HOME Entitlement funds in the amount of $368,430.87 for Habitat for Humanity of Collin County in a 8-0 vote. |
| | | | | | | | FINANCIAL SUMMARY/STRATEGIC GOALS This item authorizes a funding agreement between the City of Plano and Habitat for Humanity of Collin County in an amount not to exceed $368,431 in U.S. Department of Housing and Urban Development HOME Investment Partnerships funds for the acquisition, rehabilitation, and resale of single-family homes for low to moderate income households
Approval of this agenda item supports the City's Strategic Plan Critical Success Factor of Excellent, Innovative, and Accountable City Government. |
| ATTACHMENTS: | | Description | Upload Date | Type | | Memo | 12/5/2023 | Memo | | Resolution | 12/6/2023 | Resolution |
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