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Taylor awards down-payment assistance contract, expands assistance cap to $40,000
Summary
Council awarded administration of the Home Down Payment Assistance program to National Faith Homebuyers, approved per-client administrative fees and voted to raise maximum forgivable assistance from $14,009.99 up to $40,000; combined 2020/2021 grants total just over $400,000 for the program.
Taylor City Council voted on June 17 to restart and expand the city's Home Down Payment Assistance (DPA) program.
Staff recommended awarding the administrative role for the program to National Faith Homebuyers. The contract includes an administrative fee of $1,200 per client and additional consulting at $75 per hour. Council approved the award by motion and second.
City staff explained that the city is using two grant years (2020 and…
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