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07-APPROVE RES AUTHORIZING SUBMISSION OF REQUEST TO CONTINUE PARTICIPATION IN TX DEPT OF HOUSING AND COMM AFFAIRS HOME PROGRAM RESERVATION SYSTEM
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07-APPROVE RES AUTHORIZING SUBMISSION OF REQUEST TO CONTINUE PARTICIPATION IN TX DEPT OF HOUSING AND COMM AFFAIRS HOME PROGRAM RESERVATION SYSTEM
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Submittal Date: <br />11/28/12 <br />Council Date: <br />12/10/12 <br />CITY COUNCIL AGENDA ITEM BRIEFING SHEET <br />Originating Department: <br />RECOMMENDED MOTION: <br />Ptesented By: <br />Charles Edwards <br />Resource Management <br />Agenda Item No.: <br />� <br />Move to approve a Resolution authorizing the submission of a request to continue participation in the <br />Texas Department of Housing and Community Affairs HOME Program Reservation System. <br />POLICY ISSUE�S�: <br />BACKGROUND: <br />The City is a participant in the Texas Department of Housing and Community Affairs HOME Program <br />Reservation System. The Reservation System is a pool of funding the agency reserves for all entities that <br />have an agreement to participate. This includes both the Owner Occupied assistance through <br />rehabilitation/reconstruction as well as Homebuyer assistance to persons interested in purchasing a <br />home. Funds are accessed based on eligible applications received until the funding is depleted. <br />Most recently, five dilapidated homes were demolished and reconstructed with another three homes <br />underway. There are many families within the City of Paris still in need and interested in the program. <br />The approval of the resolution will allow the city to continue participation in the Reservation System <br />and assist the eligible families in need. <br />Recent houses completed under the HOME Program Reservation System: <br />200 29`" NE <br />1150 13th NW <br />1370 W. Booth <br />710 E. Hickory <br />1111 NW 17th <br />BOARD�COMMISSION RECOMMENDATION: <br />EXHIBITS: <br />Resolution <br />ACTION: <br />❑ Financial Report <br />❑ Department Report <br />❑ Presentation <br />❑ Public Hearing <br />❑ Minute Order <br />� Resolution <br />❑ Ordinance <br />❑ Other <br />BUDGET INFO: <br />Expense $ <br />Bud�eted Amt. $ <br />YTD Actual <br />Acct. Name <br />Acct. Number <br />City of Paris Revised 2/04/08 <br />35 <br />
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