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Council approves amendment tying affordable‑housing infrastructure payout to occupancy; resale restricted to owner‑occupied affordable buyers
Summary
Council approved Amendment 2 to an infrastructure agreement for an affordable housing subdivision near Estacado High School that adds a resale restriction requiring the first sale to an affordable single‑family buyer and changes the timing and method of remaining payouts.
The City Council unanimously approved item 6.24, an amendment to the city’s existing agreement on an affordable‑housing development north of Estacado High School.
Deputy City Manager Bill Howerton briefed the council: construction‑grade infrastructure (gas, electric, plumbing) for the project has been installed, inspected and accepted by the city. Howerton said the city previously paid an initial $1,250,000 when that infrastructure was accepted. He said Amendment 2 adds language that the first time a home built under the program is sold it must be sold to an affordable, owner‑occupant single‑family buyer rather than held as rental property.
Howerton said Amendment 2 also modifies the final payout schedule for the remaining funds, describing roughly $300,000 of remaining grant funds that will be paid as model homes receive certificates of occupancy. He said the city will pay the next 20 houses that receive certificates of occupancy at a per‑unit rate described in the staff presentation; staff stated this payout schedule should exhaust the remaining funds. The council moved to approve the amendment and the motion passed unanimously.
The action is intended to emphasize homeownership in the development and to align remaining grant disbursements with occupancy milestones; staff described the infrastructure as complete and accepted prior to the amendment. The council did not provide additional direction beyond approving the amendment.
