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24-706

Authorize an increase in the development loan agreement with Texas Heavenly Homes Ltd., or its affiliate (Applicant), conditioned upon the completion of a third-party underwriting for the development of the Bottom Infill, a 32-unit single-family affordable housing project located in the Bottom neighborhood of Council District 4 - Not to exceed $3,084,427.00, from $500,000.00 to $3,584,427.00 - Financing: Community Development Block Grant Disaster Recovery Funds (This item was deferred on February 14, 2024)

ITEMS FOR FURTHER CONSIDERATION Deferred Introduced February 21, 2024
Committee
Department of Housing & Neighborhood Revitalization
Requested by
Department of Housing & Neighborhood Revitalization (HOU)
Introduced
February 21, 2024
On agenda
March 27, 2024
Enactment no.
24-0454; DEFERRED TO APRIL 24,2024 BY DEPUTY MAYOR PRO TEM ARNOLD

Where it was heard

City Council Mar 27, 2024