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AI# 11979  Regular City Council Meeting 5.25. 10/10/2023:

Information

Agenda Item

Resolution - Community Development: Consider a resolution authorizing the Mayor of the City of Lubbock to execute Contract No. 17630, a HOME Investment Partnership and Funding Agreement, and all related documents, by and between the City of Lubbock and the U.S. Department of Housing and Urban Development, for the funding of Community Housing Development Organization operations and projects, affordable housing, and administration.

Item Summary

This is a contract for HOME Grant from the U.S. Department of Housing and Urban Development (HUD). The funds will be used for Community Housing Development Organization (CHDO) Operations and Projects, Affordable Housing and Administration.   The Community Development & Services Board (CDSB) held a public hearing and public board meeting on June 21, 2023, to discuss and approve the 2023 Action Plan draft.  The Action Plan is the document that was submitted to HUD and serves as the City’s application for, and proposed use of HOME Grant.  HUD has reviewed and approved this Action Plan.

Fiscal Impact

There is no fiscal impact on the General Fund involved with this contract. The funds used originate from HUD. The maximum allocation of this grant is $1,163,287.

Staff/Board Recommending

Bill Howerton, Deputy City Manager Karen Murfee, Director of Community Development

Attachments Resolution Agreement

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