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Board hears plan to allocate $300,000 in HOME funds for five duplexes (10 units)
Summary
Staff told directors the city will provide $300,000 in HOME funds to University District Development Corporation to support five duplexes (10 units) at $30,000 per unit; staff said federal drawdown activity is subject to a court order pause and that those specific funds are not in immediate danger.
The Little Rock Board of Directors reviewed an item proposing $300,000 in HOME funds to the University District Development Corporation to support affordable housing development. Staff clarified the project scope and federal fund timing during the agenda review.
Director Miller asked for clarification and staff explained the $300,000 award supports five duplexes (10 units) at $30,000 per unit. A city attorney advised the board that a court-issued temporary restraining order had paused some drawdown activity; staff said the pause was a temporary ruling with a hearing set for Feb. 3 and that the funds for this project were not in immediate danger.
Staff noted they had already drawn down eligible funds where possible and that additional draws would wait on the federal decision. No formal vote was recorded at the agenda review; the resolution will appear on the Feb. 4 meeting agenda for board action.
Ending: The item will return on the Feb. 4 agenda; staff will monitor the federal court schedule and report any changes to the board.
