Title
Authorization to execute the third amendment to the agreement with REACH, Inc. (Reso No. 256-2023) under the HOME Investment Partnerships Program to extend the period of performance through December 31, 2027, to increase funding with an additional $200,000 in HOME Investment Partnerships Program funds, and to clarify terms per the Government’s HOME First-Time Homebuyer Assistance Guidelines. Funds are budgeted. (L0949-26)(Reynolds/Lanter)
Summary
Authorization to execute the third amendment to the agreement with REACH, Inc. (Reso No. 256-2023) under the HOME Investment Partnerships Program to extend the period of performance through December 31, 2027, to increase funding with an additional $200,000 in HOME Investment Partnerships Program funds, and to clarify terms per the Government’s HOME First-Time Homebuyer Assistance Guidelines. Funds are budgeted. (L0949-26)(Reynolds/Lanter)
Budgetary Implications: Yes
Advance Document Review:
Law: Yes, Completed by Tiffany Holskey, 10/29/2026
Risk Management: N/A
Fully Budgeted: Budget amendment in process
Account Number: 3120-900202-0001-78107
This Fiscal Year Impact: $200,000
Annual Impact: $0
Project: HOME_2024
Activity: H01
Budget Reference: FY 2024
Current Balance:
Body
{COUNCIL CLERK’S OFFICE WILL COMPLETE - Body of resolution or ordinance}