Title
Consider/Discuss/Act on a Resolution Authorizing the Interim City Manager or Designee to Continue Participation in the Reservation System to Access HOME Grant Funding, through the Texas Department of Housing and Community Affairs (TDHCA), for Continuation of the Tenant-Based Rental Assistance Program (TBRA)
Summary
MEETING DATE: November 4, 2014
DEPARTMENT: Housing & Community Development / Housing Services Division
CONTACT: Cristel Todd, Affordable Housing Administrator
RECOMMENDED CITY COUNCIL ACTION:
· Approve Resolution.
ITEM SUMMARY:
· The attached Resolution authorizes the Interim City Manager or Designee to continue participation in the Reservation System to access HOME Grant Funding, through the Texas Department of Housing and Community Affairs (TDHCA), for continuation of the Tenant Based Rental Assistance (TBRA) program to assist residents of McKinney.
· The City will partner with nonprofit agencies, such as Samaritan Inn, to assist clients toward self-sufficiency. The grant will provide assistance to persons completing Samaritan Inn's Self Sufficiency Program. The Program offers household financial counseling, job training, day care, and individual counseling.
BACKGROUND INFORMATION:
· The grant provides funding to persons requiring rental assistance. The goals of the program include residential stability, increased skill sets and income, and an improved quality of life. The rental assistance will be provided for up to 24 months. Program participants must be considered low-to-moderate income at or below 80% of the area median income.
FINANCIAL SUMMARY:
· There is no match requirement.
BOARD OR COMMISSION RECOMMENDATION:
· N/A