Discussion and possible action to ratify the acceptance of award and enter into agreement with the Texas Department of Housing & Community Affairs for the Texas Emergency Mortgage Assistance Program (TEMAP) in the amount of FIVE HUNDRED THOUSAND DOLLARS ($500,000.00). All required documents were sent for review through the Economic Development Department and the solicitation is compliant with the Webb County Single Point of Contact (SPOC) procedures; and authorizing the County Judge to sign all relevant documents; and any matters incident thereto. [Requested by James Flores, Economic Development Director]
Issue: There is a great need for mortgage assistance in Webb County due to the financial hardships created by the COVID-19 Pandemic.
Solution: This grant will allow Webb County to assist eligible non-entitlement residents throughout Webb County, Texas affected by COVID-19 with mortgage assistance.
Result: If approved, funding would provide mortgage assistance for eligible non-entitlement residents affected by COVID-19.