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Council approves $320,000 HOME grant for BVCAP to buy, rehab a Midtown rental; debate over rentals vs down‑payment assistance
Summary
Council approved a $320,000 HOME investment to Brazos Valley Community Action Program to acquire and renovate a three‑bedroom home at 1015 Toledo Bend Drive as an affordable rental; council debated whether those HOME dollars should instead be shifted to down‑payment assistance, and approved the grant 6–1.
At the Jan. 8 meeting City staff presented a proposed agreement to use $320,000 in HOME Investment Partnership funds to help Brazos Valley Community Action Program (BVCAP) purchase and rehabilitate a single‑family home at 1015 Toledo Bend Drive for use as an affordable rental unit.
Planning staff David Brower said the RFP for housing partners received one response — from BVCAP — and described the unit as a three‑bedroom, two‑bathroom, roughly 1,700 square‑foot home in the Midtown Reserve neighborhood. Brower said the award would…
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