V. ID 25-193 Consider adoption of an ordinance of the City of Denton authorizing the City Manager to sign and submit to the Department of Housing and Urban Development a 2025 Action Plan for Housing and Community Development with appropriate certifications, as authorized and required by the Housing and Community Development Act of 1974, as amended, and the National Affordable Housing Act of 1990, as amended; authorizing the Director of Community Services, or designee, to sign releases of liens and subordination agreements upon certain conditions; and providing for an effective date.
In the preceding years and 2025, $464,689,328 in bonds for low-to-moderate income housing projects have been issued for denton; the city appropriates $2.5m to direct-developer-funding, we have $15m unexpended, voter-approved bonds for affordable housing initiatives, is it necessary to allocate 40% of the grant to this population?
Is Denton committed to using general funds for rapid, low-barrier housing process if TBRA is the intention of funds allocated to Our Daily Bread?
In the preceding years and 2025, $464,689,328 in bonds for low-to-moderate income housing projects have been issued for denton; the city appropriates $2.5m to direct-developer-funding, we have $15m unexpended, voter-approved bonds for affordable housing initiatives, is it necessary to allocate 40% of the grant to this population?
Is Denton committed to using general funds for rapid, low-barrier housing process if TBRA is the intention of funds allocated to Our Daily Bread?