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