HomeMy WebLinkAbout032734 ORD - 04/26/2022Ordinance approving a substantial amendment to the City's FY2018-2019
Consolidated Annual Action Plan ("CAAP") to repurpose $300,000 from the
Community Development Corporation (CDC) of Brownsville Project under the
HOME Investment Partnerships Program ("HOME") to the ALMA at Greenwood
Affordable Housing Project under the HOME Program in the City's FY2021-2022
CAAP. This ordinance also approves a substantial amendment to the City's
FY2021-2022 CAAP to repurpose and appropriate $751,373.16 in Program Income
to the ALMA at Greenwood Affordable Housing Project under the HOME Program.
Whereas, the City's Neighborhood Services Department is working with the Corpus
Christi Housing Finance Corporation ("CCHFC"), the Type A & Type B Economic
Development Corporations and an Affordable Housing Project Developer to fund a new
152 -unit apartment complex on the southeast corner of Greenwood Drive and Gollihar
Road for persons at or below sixty percent (60%) of the average median income for
Nueces County, Texas;
Whereas, the Neighborhood Services Department desires to repurpose and transfer
$300,000 from the CDC Brownsville Project in the HOME Investment Partnerships
Program (HOME) section of the FY2018-2019 CAAP to the ALMA at Greenwood
Affordable Housing Project in the HOME Program section of FY2021-2022 CAAP;
Whereas, the Neighborhood Services Department desires to repurpose and
appropriate $751,373.16 in program income from the HOME Program in the FY2021-
2022 CAAP to fund the ALMA at Greenwood Affordable Housing Project in the HOME
Program section of the FY2021-2022 CAAP;
Whereas, in accordance with HUD regulations, the City published a notice of public
hearing in the Corpus Christi Caller Times to receive public comment on the above -
referenced substantial amendments to the FY2018-2019 CAAP and the FY2021-2022
CAAP and the public hearings were held during the City Council meeting on April 19,
2022.
Now, Therefore, be it ordained by the City Council of the City of Corpus Christi,
Texas, that:
Section 1. The FY2018-2019 Consolidated Annual Action Plan for the City is hereby
substantially amended to repurpose and transfer $300,000 from the CDC Brownsville
Project in the HOME Investment Partnerships Program to the FY2021-2022
Consolidated Action Plan, HOME Investment Partnerships Program to fund the ALMA
at Greenwood Affordable Housing Project FY2021-2022.
Section 2. The FY2021-2022 Consolidated Annual Action Plan for the City is further
amended to repurpose and transfer $751,373.16 in program income from the HOME
Investment Partnerships Program to the ALMA at Greenwood Affordable Housing
Project in the HOME Investment Partnerships Program of the FY2021-2022 CAAP.
032734
SCANNED
Section 3. The City Manager, or designee, is authorized to execute any and all
documents necessary to implement the substantial amendments to the FY2018-2019
CAAP and the FY2021-2022 CAAP as provided in this ordinance.
That the foregoing ordinance was r -ad for the first time and passed to its second
, 2022, by the following vote:
reading on this theday of
Paulette M. Guajardo
Roland Barrera
Gil Hernandez
Michael Hunter
Billy Lerma
i
John Martinez
Ben Molina
Mike Pusley
Greg Smith
That the foregoing o dinance was read for the second time and passed finally on this
the it\ day of A( ;I 2022, by the following vote:
Paulette M. Guajardo
Roland Barrera
Gil Hernandez
Michael Hunter
Billy Lerma
ALIA-
PASSED AND APPROVED on this the t)('> day of
ATTEST:
John Martinez
Ben Molina
Mike Pusley
Greg Smith
Rebecca Huerta
City Secretary
032734
, 2022.
aulette M. Guajardo
Mayor