Agenda - View Meetings (All) (0035302337)

AI# 12796 Image of Lubbock City Logo 2021

Regular City Council Meeting

5.8.

09/10/2024:

Information

Agenda Item

Resolution - Community Development: Consider a resolution authorizing the Mayor to execute Amendment No. 1 to the HOME Investment Partnership Program Funding Agreement 16771, and all related documents, with the City of Lubbock Housing Initiative, to provide rehabilitation of affordable rental housing.

Item Summary

• Grantee: City of Lubbock Housing Initiative (CLHI), a non-profit of the Lubbock Housing Authority
• Program: Affordable Rental Housing Rehabilitation
• Funding Source: HOME Investment Partnership Program through the U.S. Department of Housing & Urban Development (HUD)
• Use of Funds: Continuation of rehabilitation of 72 single-family residential units of existing affordable housing, owned by CLHI in Cherry Point Neighborhood
• Allocation: $3,000,000
• Original Terms: October 1, 2022 – September 30, 2023
• Extended Terms: October 1, 2022 – September 30, 2026

This grant funding is administered by HUD.

Fiscal Impact

Amendment No. 1 is for extension of time only, so there is no fiscal impact to the General Fund.

Staff/Board Recommending

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

Attachments

Resolution

Amendment 1