HomeMy WebLinkAboutIR 9510 INFORMAL REPORT TO CITY COUNCIL MEMBERS No. 9510
To the Mayor and Members of the City Council August 21, 2012
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SUBJECT: PROPOSED FUNDING FOR TARRANT COUNTY HOUSING
rF PARTNERSHIP TO PROVIDE HOUSING COUNSELING
In 2010, the City of Fort Worth adopted the Consolidated Plan which outlines how the City will
spend federal grant funds received from the U.S. Department of Housing and Urban
Development. The adopted Plan states that the City will use federal grant funds to increase
homeownership through housing counseling and that the city will assist 300 new homebuyers
from 2010-2013.
On August 17, 2010, the City Council approved the City of Fort Worth's Action Plan (M&C C-
24401) which provided $133,092.00 of Community Development Block Grant (CDBG) Funds for
the City's Housing Counseling and Foreclosure Prevention program. Because of CDBG grant
reductions which resulted in a decrease in the amount of funds that could be spent on
administrative costs, on November 9, 2010, the city eliminated its Housing Counseling and
Foreclosure Prevention program and outsourced the program and the CDBG funds to the
Tarrant County Housing Partnership (TCHP). TCHP provides the service to low-moderate
income residents.
In order to fund this program in 2011-2012, TCHP competed for CDBG funds with other public
service agencies and was awarded $133,092.00. In 2012, TCHP again competed for CDBG
funds, however because of reduced CDBG funding, TCHP was not awarded CDBG funds.
Therefore, since the City's Consolidated Plan provides that the city would assist 300 new
homebuyers with housing counseling, staff recommends providing $97,608 to TCHP in order that
they can continue the program in 2012-2013. Staff proposes to bring an M&C forward on
September 11, 2012, recommending the funding with non-federal Housing Trust Fund dollars.
Currently there is $1,351,816.23 available in non-federal HTF funds that are typically used to fund
the development of affordable housing units.
If you have any questions, please call Jay Chapa, Director of Housing and Economic
Development Department at 817-392-5804.
Tom Higgins
City Manager
ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS