Consider and take appropriate action to approve a Memorandum of Understanding (MOU) with the Housing Authority of Travis County (HATC) for the HOME downpayment assistance (DPA) program, a HUD-funded program. (Judge Brown)
Staff Report & Agenda Item Details
Under the provisions of Title 1 of the Housing and Community Development Act of 1974 (42 USC 5301), the Federal government sponsors a program that provides annual grants to cities and counties to develop viable urban communities by providing decent housing and a suitable living environment, by expanding economic opportunities for low- and moderate-income persons. <br data-pasted="true">Under the provisions of Title II of the Cranston-Gonzalez National Affordable Housing Act of 1990 (42 USC 12703), the purposes of this Act are:<br><ol style="list-style-type: decimal;margin-left: 8.5px;"><li>To help families not owning a home to save for a down payment for the purchase of a home;</li><li>To retain wherever feasible as housing affordable to low-income families those dwelling units produced for such purpose with Federal assistance;</li><li>to extend and strengthen partnerships among all levels of government and the private sector, including for-profit and nonprofit organizations, in the production and operation of housing affordable to low-income and moderate-income families;</li><li>To expand and improve Federal rental assistance for very low-income families; and</li><li>To increase the supply of supportive housing, which combines structural features and services needed to enable persons with special needs to live with dignity and independence.</li></ol>Travis County has been a recipient of CDBG funds since 2006. 2024 was the first grant year Travis County received and accepted the HOME Investment Partnership (HOME) grant funds, as an urban county entitlement. The funding allocations since 2024, and the division of set-asides and the required annual match is shown in the table below:<br><strong> </strong><br><table border="1" cellspacing="0" cellpadding="0" width="585" style="margin-left:-.25pt;"><tbody><tr><td valign="top" style="width: 15.0685%;"><strong>Allocation Year</strong></td><td valign="top" style="width: 21.2329%;"><strong>Allocation Amount</strong></td><td valign="top" style="width: 21.2329%;"><strong>10% Admin Set-Aside</strong></td><td valign="top" style="width: 21.2329%;"><strong>15% CHDO </strong><br><strong>Set-Aside</strong></td><td valign="top" style="width: 21.2329%;"><strong>Annual 25% Match</strong></td></tr><tr><td valign="top" style="width: 15.0685%;">2024</td><td valign="top" style="width: 21.2329%;">$566,563.83</td><td valign="top" style="width: 21.2329%;">$56,656.383</td><td valign="top" style="width: 21.2329%;">$0</td><td valign="top" style="width: 21.2329%;">$127,476.862</td></tr><tr><td valign="top" style="width: 15.0685%;">2025</td><td valign="top" style="width: 21.2329%;">$478,126.94</td><td valign="top" style="width: 21.2329%;">$47,812.694</td><td valign="top" style="width: 21.2329%;">$71,719.041</td><td valign="top" style="width: 21.2329%;">$89,648.801</td></tr><tr><td valign="top" style="width: 15.0685%;">2026</td><td valign="top" style="width: 21.2329%;">$508,447.38</td><td valign="top" style="width: 21.2329%;">$5