Title
Authorization to execute a second amendment to the agreement with REACH, Inc. under the HOME Investment Partnerships Program (Reso. 256-2023) to further improve affordability for first-time homebuyers, by increasing the subsidy amount to $50,000 per household and loans will be deferred as long as households remain in the home during the required period of affordability, determined by HUD. No budgetary impact. (L0310-26)(Reynolds/Lanter)
Summary
Authorization to execute a second amendment to the agreement with REACH, Inc. under the HOME Investment Partnerships Program (Reso. 256-2023) to further improve affordability for first-time homebuyers, by increasing the subsidy amount to $50,000 per household and loans will be deferred as long as households remain in the home during the required period of affordability, determined by HUD. No budgetary impact. (L0310-26)(Reynolds/Lanter)
Budgetary Implications: NO
Advance Document Review:
Law: Yes, Completed by Tiffany Holskey, 4/13/2026
Risk Management: N/A
Fully Budgeted: N/A
Account Number:
This Fiscal Year Impact: $0
Annual Impact: $0
Project:
Activity:
Budget Reference:
Current Balance:
Body
{COUNCIL CLERK’S OFFICE WILL COMPLETE - Body of resolution or ordinance}