Title
Consider/Discuss/Act on a Resolution to Distribute Funding to the LIFT Program
Summary
COUNCIL GOAL: Improving Quality of Life in McKinney
MEETING DATE: June 18, 2024
DEPARTMENT: Housing and Community Development
CONTACT: Shirletta Best, Community Services Administrator
RECOMMENDED CITY COUNCIL ACTION:
* Approve the Resolution
ITEM SUMMARY:
* The agency, The Family Place was awarded $7,250 through the FY 2023-24 Community Support Grant, administered under the city's Housing and Community Development Department. The agency contacted the Department to request termination of the grant agreement, as the agency was unable to fulfill program requirements at this time. The Department provided technical assistance for support and the agency determine to continue the request to terminate. The agency returned award funds back to the City and the agency is eligible to apply for funding consideration in the future.
* The McKinney LIFT program provides one-time security deposit assistance to eligible very low to moderate income families and individuals. Program success aids in the goal of increasing housing stability and affordability for renters, affirmatively furthers fair housing, and helps reduce those at-risk of homelessness. The program is a partnership between the renter, landlord, and the city. Program funds were exhausted in December 2023 and resident requests for assistance have increased in the past month. The Community Grants Advisory Commission is recommending the returned funds of $7,250 to be used under the LIFT program.
BACKGROUND INFORMATION:
* Due to rising housing costs, vulnerable residents are increasingly unable to afford the security deposit needed to complete the rental process. The program began as a pilot program in FY 2022-23, to assist households receiving rental voucher assistance, yet unable to pay for rental deposits that landlords required for rent before accepting the voucher. The program has been expanded to as...
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