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Item No. 15 <br />TO: Mayor, Mayor Pro Tem & City Council <br />FROM: Rose Beverly, City Manager <br />SUBJECT: HOME Program <br />DATE: June 23, 2025 <br />IC � • . ' �1i��iL� <br />The City of Paris has been contracted with the Texas Department of Housing and Community <br />Affairs (TDHCA) for the last fifteen years for HOME Funds to support the demolition and <br />reconstruction of eligible housing in the City of Paris. This has and continues to be a successful <br />program. We however have many more applicants that will not make it through the process before <br />our current contract runs up with TDHCA. <br />STATUS OF ISSUE: <br />The next round of applications for the HOME Program is due. In order to apply, the City Council <br />must approve a Resolution and the City Staff will prepare and submit an application. If approved <br />by the TDHCA, we will enter another multi-year contract for additional funding for the HOME <br />Program. <br />This continues to be an excellent program for our community to take old and dilapidated housing <br />and replace it with brand new construction. In addition, to be eligible for the program, families <br />must be below certain income thresholds, so this program is an incredible help to low-income <br />families in our community. <br />BUDGET: <br />The City typically budgets $80,000.00. The City's match is 24% with the match requirement being <br />based upon population (24,678), thus the City's investment goes an incredible distance towards <br />replacing housing stock in our community. <br />