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Presentation, discussion, and possible action authorizing the Department to submit an application for the U.S. Department of Housing and Urban Development's Preservation and Reinvestment Initiative for Community Enhancement Program, and if successfully awarded to operate such program
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RECOMMENDED ACTION
recommendation
WHEREAS, on February 29, 2024, the U.S. Department of Housing and Urban Development (HUD) released a Notice of Funding Opportunity (NOFO) for the Preservation and Reinvestment Initiative for Community Enhancement (PRICE) Program designed to preserve and revitalize manufactured housing and eligible manufactured housing communities (MHCs);
WHEREAS, nationally approximately 15% of occupied rural housing stock is manufactured homes (MHUs), in Texas approximately two million people, or 7.4% of the state's population, live in manufactured homes, and that percentage rises up to 15% along the Texas/Mexico border;
WHEREAS, the Department's experience in successfully operating one-time programs such as the variety of pandemic related funds, and its success in operating single family assistance programs such as homebuyer assistance and homeowner rehabilitation assistance, enables the Department to have the appropriate expertise and infrastructure to take on the activities of the PRICE NOFO and, if awarded to perform such work;
WHEREAS, the NOFO released by HUD has a main competition of funds available that would allow applicants to apply for up to $75 million;
WHEREAS, the NOFO requires that before submitting to HUD, applicants must publish their PRICE application in its entirety for public comment, hosting at least one public hearing for the application and providing a 15 day public comment period;
WHEREAS, staff recommends that a full application be submitted by the deadline of June 5, 2024, and that the Department apply for the maximum allowable request amount of $75 million in PRICE Program funds;
WHEREAS, several unanswered questions have...
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