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AI- 30463
13.J.
CC REGULAR
Meeting Date:
01/24/2012
Submitted For:
Michelle Mendoza
Submitted By:
Mary Flores, URBAN COUNTY
Department:
URBAN COUNTY

Information

CAPTION

Requesting approval of an eight (8) month extension for three (3) Urban County Program – Community Housing Development Organization (CHDO) Contracts

BACKGROUND

In June of 2011, the US Department of Housing and Urban Development (HUD) completed a review of the Consolidated Plan submitted by the Urban County Program (UCP). Due to this review, HUD halted the UCP’s homebuyer program in July 2011. As per the report, the UCP was advised to re-evaluate and revise the current recapture policy including lien documents. All pertinent documents and policies were revised and the freeze was lifted in December 2011. Three open contracts were directly affected by the freeze. The UCP recommends an extension to each contract in order to ensure successful project completion by both Affordable Homes of South Texas, Inc. (AHSTI) and Proyecto Azteca. The contract information is as follows:
        Original New
CHDO Name Fiscal Year Amount Contract Date Contract Exp. Contract Exp.
Proyecto Azteca 2009 $1,000,700 Sept 28, 2009 Sept 27, 2011 May 26, 2012
Proyecto Azteca 2010 $400,000 Mar 1, 2011 Feb 28, 2013 Oct 27, 2013
AHSTI 2010 $1,000,000 Jan 14, 2011 Jan 13, 2013 Sept 12, 2013

Fiscal Impact

Attachments

Form Review

Inbox Reviewed By Date
Budget and Management mmunoz 01/10/2012 08:01 AM
Purchasing / Internal Alejandro Garcia 01/13/2012 05:23 PM
Form Started By:
Melissa Flores
Started On:
01/09/2012 03:42 PM
Final Approval Date:
01/13/2012