File #: 18-763    Name: Sims Household
Type: Agenda Item Status: Approved
In control: McKinney Housing Finance Corporation
On agenda: 9/14/2018 Final action: 9/14/2018
Title: Consider/Discuss/Act on Funding Transitional Housing and Storage Cost of an Elderly Disabled Household

Title

Consider/Discuss/Act on Funding Transitional Housing and Storage Cost of an Elderly Disabled Household

 

Summary

 

 

ITEM SUMMARY: 

                     Three persons household. Husband 88, elderly/disabled; Wife 79, elderly/disabled and adult son 57, disabled.

                     Total household income $29,157; less than 50% Area Media Income (AMI).

                     Home is too far gone for rehabilitation and a new home will be constructed.

                     They will need a place to stay during this time and have no extra income.

                     The monthly household income of $2429.75 is with family/friend contributions.

                     Six month average checking balance for parents is $185, for son is $45.

                     Requesting rent in an amount not to exceed $8800 and storage cost not to exceed $1800.

                     These amounts are for worst case scenario of eight months with rental starting in November.

 

FINANCIAL SUMMARY: 

                     Total estimated cost $10,600

                     FY18-19 budget account 074-1274-463-8516 $38,100 for TBD project

                     FY18-19 budget account 074-1274-463-8516 $68,100 for all projects including three HBA in the amount of $30,000