File #: 23-0543    Name: Rental Assistance
Type: Agenda Item Status: Agenda Ready
In control: McKinney Housing Finance Corporation
On agenda: 7/14/2023 Final action: 7/14/2023
Title: Consider/Discuss/Act on Assisting Low Income Elderly Households with Rental Assistance

Title

Consider/Discuss/Act on Assisting Low Income Elderly Households with Rental Assistance

 

Summary

 

 

ITEM SUMMARY: 

                     Assist low-income elderly households with rental assistance. They will qualify for the tenant based rental assistance (TBRA) program through the city when leases come up for renewal. This request is for $29,216.00

                     L. Blair, 83

                     Annual income $28,513.22 - 50% AMI

                     $3,896 in rental assistance

                     K. Turnipseed, 63

                     Annual income $21,582.60- 50% AMI

                     $7,980 in rental assistance

                     B. Schrah, 76

                     Annual income $25,328.76- 50% AMI

                     $7,524 in rental assistance

                     B. Nobles, 67

                     Annual income $14,064.54 - 30% AMI

                     $9,816 in rental assistance

 

 

FINANCIAL SUMMARY: 

                     $60,000 approved in budget for projects

                     $5,000 spent to date