Title
Conduct a Public Hearing and Consider/Discuss/Act on Project Grant Application Submitted by Habitat for Humanity of Collin County (#21-14) in the Amount of One Hundred Seventy-Six Thousand One Hundred Seventy-Four and No/100 Dollars ($176,174.00) to Fund Construction of the Cotton Groves Amenity Center.
Summary
COUNCIL GOAL: 5E: Develop sustainable quality of life improvements within
the City of McKinney
MEETING DATE: July 22, 2021
DEPARTMENT: McKinney Community Development Corporation
CONTACT: Cindy Schneible, President
ITEM SUMMARY:
• MCDC will hold a public hearing on Habitat for Humanity of Collin County’s request for a project grant in the amount of $176,174 to supplement previous grant awards in the amount of $500,000 to fund the construction of the Cotton Groves Amenity Center.
BACKGROUND INFORMATION:
• Habitat for Humanity of Collin County has been building homes for working, low-income families since its incorporation in 1992.
• HHCC serves a 24-city area in Collin County.
• HFHCC utilizes a two-pronged initiative for low-income families: construction of new homes; and exterior home repairs.
• MCDC has previously awarded grant funds totaling $500,000 for the Amenity Center. ($250,000 awarded on February 27, 2020, with Project #20-03 and an additional $250,000 awarded on February 25, 2021, as an amendment to Project #20-03.)
• This additional funding is being requested due to significant increases in the cost of lumber, steel, softwoods and plumbing.
FINANCIAL SUMMARY:
• Funds allocated for MCDC discretionary project grants for FY21 was $1,530,105.
• Remaining funds allocated for FY21 for discretionary Project Grants is $865,667.44.
• The request is eligible for MCDC consideration under Section 505.153 of the Texas Local Government Code.
SUPPORTING DOCUMENTATION:
• Application Packet
• Presentation