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Staff warns city could forfeit HUD money unless Community Housing Development Organization formed
2107741 · January 13, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.
Summary
A staff member said Odessa must set aside 15% of a $313,000 program allocation for a CHDO, and reminded council the city faces deadline and caps on administrative use of funds; staff said the city risks losing HUD funds if requirements are not met.
A city staff member briefed the workshop on federal grant rules and program caps tied to community development funds. The presenter said the city must set aside 15% of a $313,000 program allocation for a Community Housing Development Organization (CHDO) and that the CHDO…
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