Title
Consider/Discuss/Act on a Funding Request Submitted by Habitat for Humanity for the Pride Court Retaining Wall in Charleston Creek
Summary
COUNCIL GOAL: 1B: Provide a strong city economy by implementing a Global Housing Strategy with a focus on affordable housing and facilitating a balance between industrial, commercial, residential, and open space.
MEETING DATE: December 19, 2023
DEPARTMENT: Housing and Community Development
CONTACT: Janay Tieken, Director of Housing and Community Development
Kim Flom, Assistant City Manager
ITEM SUMMARY:
• Habitat for Humanity requests $30,000 for engineering costs necessary to rebuild the Pride Court retaining wall in Charleston Creek.
• A future funding request to cover construction is anticipated for application to the City and McKinney Community Development Corporation in Spring 2024.
BACKGROUND INFORMATION:
• Charleston Creek is a Habitat for Humanity neighborhood constructed in 2007 and 2008.
• In February 2018, after a significant rain event, the retaining wall in the neighborhood behind 613 Pride Court collapsed.
• As the management association for the neighborhood, Habitat for Humanity seeks funding in order to reconstruct the wall.
• Per the bylaws, funding received from MPFC projects is allocated to the general fund.
• The MPFC received $2,000,000 at the closing of the Jefferson Verdant project. $1,500,000 was provided as a loan for the Palladium multifamily project in June, 2023. $500,000 remains and is budgeted in the Community Grants Fund.
• Request to utilize funds from MPFC projects are presented to the MPFC as informational and for a recommendation. City Council makes the final decision and approves any necessary agreements.
• A resolution and grant agreement are on the December 19, 2023 City Council Regular Agenda for approval.
FINANCIAL SUMMARY:
Funds are available in account 001-9999-403-8559
BOARD OR COMMISSION RECOMMENDATION:
Recommendations provided by MPFC will be provided to the City Council for consideration.