Funding Announcement from TDHCA

//Funding Announcement from TDHCA

Funding Announcement from TDHCA

TDHCA is pleased to report that we will be releasing approximately $3 million in HOME funds on June 2, 2014, at 10:00 AM CDT for HOME Single Family activities including HOMEowner Rehabilitation Assistance (HRA), HOMEbuyer Assistance (HBA), and Tenant-Based Rental Assistance (TBRA). The distribution of funds will differ from previous releases and will reflect some of the suggested changes which have been brought to us recently. We carefully considered the comments we received following HOME’s last funding release, as well as during the Department’s recent Single Family forum. In response, a more equitable and balanced allocation method will be used that considers needs within activity types, based on funds available.

Please note that the use of this distribution method is exploratory in nature and is intended to further inform future funding releases.

To summarize, TDHCA will release approximately $3 million on June 2, 2014, at 10:00 AM CDT according to the following funding levels for each activity type under the General and Persons with Disabilities set-asides:

GENERAL SET-ASIDE

HOMEowner Rehabilitation Assistance Program – $1,800,000 HOMEbuyer Assistance Program – $100,000 Tenant-Based Rental Assistance Program – $500,000

PERSONS WITH DISABILITIES SET-ASIDE

HOMEowner Rehabilitation Assistance Program – $200,000 HOMEbuyer Assistance Program – $60,000 Tenant-Based Rental Assistance Program – $400,000

Now is the time for HOME Administrators to review the activities currently selected under your HOME Reservation Agreement. If there is potential for demand from your clients for an activity type that is not included under a set-aside in your current agreement, you can contact Sandy Garcia, HOME Program Administrator, at 512 475-1391 to request an amendment. Administrators should keep in mind that households with a member who is a person with a disability may be served under either the General or Persons with Disabilities set-aside categories if your Reservation Agreement permits. Households can only be assisted under the PWD set-aside if there is at least one household member who is a person with a disability.

We will analyze the funding requests that we receive over the next three months prior to the release of the 2014 annual allocation. Based on the results and discussions we plan to have with the public over the remainder of 2014 about how to best allocate limited HOME funding sources, we will determine whether a model similar to the one we are using in June should be carried forward into 2015. TDHCA still plans to release the 2014 HOME allocation this Fall; it is not yet certain whether those funds will be distributed by activity type with set-aside categories.

As always if you need further clarification or have questions, please reach out to your TDHCA HOME contact or Jennifer Molinari, HOME Program Director, at 512-475-22224 or jennifer.molinari@tdhca.state.tx.us.

By | 2017-06-28T12:02:58+00:00 May 14th, 2014|Categories: TDHCA|0 Comments

About the Author:

Leave A Comment

Upcoming Events

Jun
26
Tue
11:00 am HFHI Capacity Building Grant Inf... @ Online Webinar
HFHI Capacity Building Grant Inf... @ Online Webinar
Jun 26 @ 11:00 am – 12:00 pm
* Eligibility is open to affiliates that averaged at least one new house or large rehab per year for FY 16-18. * The grant can provide up to $105,000 over a three year period, $100,000 for salary and $5000 for training. The salary award diminishes over time so that HFHI pays 100% of new position’s salary[...]
Jul
29
Sun
all-day Lone Star Summit 2018 @ Holiday Inn Downtown Marina, Corpus Christi
Lone Star Summit 2018 @ Holiday Inn Downtown Marina, Corpus Christi
Jul 29 – Jul 31 all-day
 

Find Out More About:

Contact Info

PO Box 850,
Buda, TX 78610

Phone: 512.523.5725

This Is A Custom Widget

This Sliding Bar can be switched on or off in theme options, and can take any widget you throw at it or even fill it with your custom HTML Code. Its perfect for grabbing the attention of your viewers. Choose between 1, 2, 3 or 4 columns, set the background color, widget divider color, activate transparency, a top border or fully disable it on desktop and mobile.

This Is A Custom Widget

This Sliding Bar can be switched on or off in theme options, and can take any widget you throw at it or even fill it with your custom HTML Code. Its perfect for grabbing the attention of your viewers. Choose between 1, 2, 3 or 4 columns, set the background color, widget divider color, activate transparency, a top border or fully disable it on desktop and mobile.

This Is A Custom Widget

This Sliding Bar can be switched on or off in theme options, and can take any widget you throw at it or even fill it with your custom HTML Code. Its perfect for grabbing the attention of your viewers. Choose between 1, 2, 3 or 4 columns, set the background color, widget divider color, activate transparency, a top border or fully disable it on desktop and mobile.

This Is A Custom Widget

This Sliding Bar can be switched on or off in theme options, and can take any widget you throw at it or even fill it with your custom HTML Code. Its perfect for grabbing the attention of your viewers. Choose between 1, 2, 3 or 4 columns, set the background color, widget divider color, activate transparency, a top border or fully disable it on desktop and mobile.