HomeMy WebLinkAboutIR 2902 INFORMAL REPORT TO CITY COUNCIL MEMBERS No. 2902
SRP T�R,p
~ofFORT,�Op To the Mayor and Members of the City Council May 12, 1977
u �s
xrtm Subject: APPROVAL OF HUD DISCRETIONARY GRANT APPLICATION
On November 1, 1976, (M&C G-3215) City Council authorized the City Manager
to submit an application to the United States Department of Housing and
Urban Development for $393,400 in Community Development Discretionary Funds
for the purposes outlined below. The Department of Housing and Urban
Development has approved the application with the program year beginning
May 10, 1977 and ending May 9, 1978. Following is a description of the
program.
1. Purchase and rehabilitation of substandard housing units. ($235,400) :
It is proposed that substandard housing units be rehabilitated and
utilized by the Housing Authority as housing for low income families.
The units selected for this purpose will be restricted to those houses
that are determined will adversely affect the stability of the surround-
ing area. There are several housing options currently in existence
in Fort Worth for low and moderate income households. Unfortunately
many of these options either do not meet the needs of the particular
household or are unavailable due to the high demand. At least 1,000
public housing units are currently needed in Fort Worth in addition
to those already available. This project would hardly approach
meeting that need but would meet the needs of twenty or more additional
families. Rather than providing only lease units, residents of these
proposed units would also be given the option of purchasing the units
under specified conditions and participating in the benefits of home
ownership. The feasibility of purchase will be determined when the
specific units to be treated are identified.
2. Develo2ment of a non profit housing orgnaization under the auspices of
the Housing Authority ('$8,000) : This will reimburse the Housing
Authority for time existing staff members spend on these grant funded
activities.
3. Loans and grants to upgrade housing around_ the target area of the
purchased units. ($150,000) : It is estimated that 40 to 50 units
will be upgraded through the grant program. The result of the program
will be additional low cost housing and a general improvement of a
six to ten block area that will be selected in the near future.
The Housing and Community Development Staff is taking steps to implement the
program described above. When the preliminary plans are completed, both the
Community Development Council and the City Council will be requested to
review the program.
Respectfully submitted,
4• V OFFICIAL RECORD
R. N. Line 4, Y S CRi:TRY
City Manager FT. WORTH, TEX.
VS:sm
ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS