The Housing and Community Development Department (HCDD) recommends Council approval of an Ordinance allocating $13,282,615.00 in Uptown TIRZ Series 2021 Affordable Homes Funds previously appropriated for the City of Houston (City) New Home Development Program (NHDP) pursuant to Ordinance 2021-354 (as amended by Ordinance 2021-976), to the Master Contractor Agreements (MCA) for the following contractors: SLSCO, LTD.; HABITAT FOR HUMANITY, INC); MAYBERRY HOMES, INC; REBUILDING TOGETHER HOUSTON ; JAMES W. TURNER CONSTRUCTION, LTD. ; PMG CONSTRUCTION, INC ; and DSW HOMES, LLC (each a “Contractor”), and approving a form of Master Contractor Agreement to be executed between the City and a Contractor and a form of Tri-Party Agreement (including exhibits) to be executed between the City, a Contractor, and the Houston Land Bank for the construction of newly constructed, affordable single-family homes under the NHDP for low- to moderate-income qualified homebuyers on scattered lots.
Funding allocated to the MCAs will be expended through the Tri-Party Agreements between the City, the Houston Land Bank (HLB), and selected NHDP Contractors for each new construction project. The total for all Tri-Party Agreement amounts will not exceed the allocated funding available.
On May 5, 2021, by Ordinance No. 2021-354, City Council approved the appropriation of $100,000,000.00 in previously budgeted Uptown TIRZ Series 2021 Affordable Homes Fund dollars to administer affordable home activities serving low- to moderate-income Houstonians.
On November 10, 2021, by Ordinance No. 2021-973, City Council amended Ordinance No. 2021-354 in previously budgeted $100,000,000.00 Uptown TIRZ Series 2021 Affordable Homes Funds, to provide a line-item budget for program costs and activity delivery costs for each Single-Family Program as well as the number of units to be produced by each program.
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Single Family Activities
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Funding Amount
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Proposed Units
|
Program Cost
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Activity Delivery Cost
|
|
New Home Development Program (NHDP), Scattered Lots
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$13,282,615.00
|
53
|
$11,954,353.50
|
$1,328,261.50
|
Funding for this item is included in the FY2022 Adopted Budget. Therefore, no Fiscal Note is required as stated in the Financial Policies.
This item was reviewed by the Housing and Community Affairs Committee on March 31, 2022.
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Keith W. Bynam, Director