The council authorized a professional services agreement with Hailstone Economic on a not‑to‑exceed basis of $30,000 to assist the city’s housing staff with spending down HOME program income and updating home‑rehab standards and program policies.

Staff said program income currently totals about $1,000,000 and that there are roughly six years of prior HOME funds that vary by year (ballpark $200,000 per year), putting the total pool Hailstone will help prioritize at a little over $2,000,000. Hailstone’s scope includes creating a prioritization matrix, updating policies and procedures, and advising on spending timelines so the city avoids federal requirements against retaining unspent funds.

Councilmembers asked that Hailstone engage local realtors and stakeholders as part of planning for first‑time homebuyer uses and that staff proceed with a separate housing needs study to inform future program design. The resolution passed unanimously, 6‑0.

What’s next: Hailstone will work with staff to produce a spending plan and updated policies; councilmembers may meet with staff and the consultant to discuss priorities for first‑time homebuyer assistance.