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Meeting Date:	05/29/2018
Submitted for:	Norma Renteria	Prepared by:	Norma Renteria
Department:	Water Utilities

Subject:

Discussion and possible action to approve a budget amendment to the Webb County Economic Development - WB Housing Finance Account by creating an expenditure budget with expenditure accounts for the Webb County Community Action Agency - Self-Help Center Housing Rehabilitation Program and the Housing Reconstruction Program. [Fund #2016]

Revenue:

Account Number	Account Name	Amount
2016-259700	Fund Balance	$129,820.31

Expenditure:

Account Number	Account Name	Amount
To be determined	Self-Help Center Housing Rehabilitation	$29,820.31
To be determined	Self-Help Center Housing Reconstruction	$100,000.00

Issue: The Webb County Community Action Agency--Self-Help Center Program (CAA-SHC) is required to rehabilitate three (3) colonia housing units @ $40,000 per unit and reconstruct nine (9) colonia housing units @ $50,000 per unit. The Texas Department of Housing and Community Affairs- Office of Colonia Initiatives (TDHCA-OCI) has imposed mid-contract more stringent building codes and significant lending requirements that have adversely effected that overall per unit housing budgets. The CAA-SHC will not be able to meet the contract requirements without leveraging from other non-federal sources.

Solution: The Economic Development Department will assist the Webb County Community Action Agency- Self-Help Center Program (CAA-SHC) by leveraging funds from the dissolved Webb County Housing Finance Corporation (WCHFC) to supplement the housing rehabilitation and housing reconstruction per unit budgets by an average of $10,820 per unit.

Result: The Webb County Community Action Agency- Self-Help Center Program (CAA-SHC) will complete the housing activities in accordance with the Performance Statement for the Self-Help Center Program- TDHCA Contract Number 7216013.

Fiscal Impact

Budget Account Number:	2016-259700
Funding Source:	2016
Balance:	$129,820.31
Financial Impact:
This budget line item transfer is from dissolved WB Housing Finance Account; and, therefore, no impact on the general fund.