Regular City Council Meeting
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Resolution - Community Development:
Consider a resolution authorizing the Mayor to execute Amendment No. 1 to Community Development Funding Contract 15711, and all related documents, with the Lubbock Housing Finance Corporation, to provide Mortgage Assistance to qualified low-to-moderate income persons and families who have been affected by COVID-19, through the Community Development Block Grant Coronavirus Relief and Economic Security Act CARES (CDBG-CV), administered by the U.S. Department of Housing & Urban Development (HUD).
Grantee: Lubbock Housing Finance Corporation (LHFC)
Funding source: Community Development Block Grant Coronavirus Relief and Economic Security Act CARES (CDBG-CV) funds from the U.S. Department of Housing & Urban Development (HUD)
Use of funds: Mortgage Assistance for low-to-moderate income citizens of the City of Lubbock affected by COVID-19
Original Allocation: Up to $500,000
Amended Allocation: Up to $600,000
Original Terms: October 1, 2020 – September 30, 2021
Amended Terms: October 1, 2020 – March 31, 2022
Bill Howerton, Deputy City Manager
Karen Murfee, Community Development Director
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