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Presentation, discussion and possible action on regarding approval of a HOME-ARP Allocation Plan Second Amendment to add reallocated funds to the nonprofit capacity building/operating cost assistance, non-congregate shelter activities and administration activities to be released for public comment
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RECOMMENDED ACTION
recommendation
WHEREAS, under Section 3205 of the American Rescue Plan (ARP) Act, the Texas Department of Housing and Community Affairs (TDHCA) was allocated $132,969,147 of HOME-ARP Program funds from the U.S. Department of Housing and Urban Development (HUD) in 2021;
WHEREAS, HUD notified TDHCA in October 2023 that the HOME-ARP Allocation was being reduced by $3,808,153 due to a federal allocation error;
WHEREAS, in 2023 and 2024, the HOME-ARP Division awarded $57,649,564 in rental development and $3,224,229 in nonprofit capacity building and operating funds;
WHEREAS, HUD offered $4,317,058 in reallocated funds to TDHCA in August 2024 from areas in Texas that had not submitted a plan to use their HOME-ARP funds, and the net increase in funds inclusive of the allocation error reduction in 2023 is $508,905;
WHEREAS, HUD requires a HOME-ARP Allocation Plan amendment to accept the reallocated funds;
WHEREAS, staff is proposing that the reallocated funds and funds remaining available from other program activities be programmed into three HOME-ARP activities: non-profit operating/capacity building funds, non-congregate shelter development and administration; and
WHEREAS, upon Board approval of the HOME-ARP Plan Amendment, the Plan will be made available for at least 15 days to accept public comment;
NOW, therefore, it is hereby
RESOLVED, that should the comment received on the HOME-ARP Plan not require significant revisions of the Plan, staff is hereby authorized to make appropriate revisions and proceed with submission of the Plan to HUD without returning to the Board; and
FURTHER RESOLVED, that the Executive Director and his des...
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