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AI# 10967
Regular City Council Meeting
5.19.
09/13/2022:
Information
Agenda Item
Resolution - Community Development:
Consider a resolution authorizing the Mayor to execute HOME Investment Partnership Program Funding Agreement 16771 and all related documents, between the City of Lubbock and the City of Lubbock Housing Initiative.
Item Summary
Grantee: City of Lubbock Housing Initiative (CLHI) is a non-profit of the Lubbock Housing Authority
Program: Affordable Rental Housing Program
Funding Source: HOME Investment Partnership Program through HUD
Use of Funds: This is a continuation of rehabilitation of existing rental housing owned by CLHI. Total 72 single family residential units (affordable housing) in Cherry Point neighborhood.
Allocated Amount: $3,000,000
Term: September 1, 2022 through September 30, 2024
On July 13, 2022, the Community Development & Services Board (CDSB) recommended this allocation to complete the project in the next two years.
Fiscal Impact
The maximum allocation amount from the HOME Investment Partnership Program Grant is $3,000,000.
Staff/Board Recommending
Bill Howerton, Deputy City Manager
Karen Murfee, Director of Community Development
Attachments
Resolution
CLHI Contract/Agreement
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