Department: Housing and Community Development
Department Head/Elected Official: Thao Costis, Executive Director
Regular or Supplemental RCA: Regular RCA
Type of Request: Executive Session
Project ID (if applicable): N/A
Vendor/Entity Legal Name (if applicable): Harris County Housing Finance Corporation
MWDBE Contracted Goal (if applicable): N/A
MWDBE Current Participation (if applicable): N/A
Justification for 0% MWDBE Participation Goal: N/A - Goal not applicable to request
Request Summary (Agenda Caption):
title
Request by Housing and Community Development for an Executive Session for approval to conditionally award up to $13,770,000 of American Rescue Plan Act (ARPA) State and Local Fiscal Recovery Funds to purchase the land for the Hardy Yards Project for the Harris County Housing Finance Corporation.
end
Background and Discussion:
Harris County Housing Finance Corporation (HCFC) is requesting up to $13,770,000 in ARPA State and Local Fiscal Recovery Funds (SLFRF) for the acquisition to purchase land for the Hardy Yards Project. Hardy Yards is situated on approximately 10.7 acres of land located near the intersection of North Main and Burnett Street on 800 Burnett Street, Houston, Texas 77009. Hardy Yards has great access to all major highways I-10, I-59, and I-45, and is near Downtown Houston and adjacent to Burnett Transit Center offering Metrorail and busses.
A majority of Focus Area Team and Steering Committee members approved use of up to $13,770,000 in ARPA SLFRF for the Hardy yards project under the following conditions:
1) The RFP for the Master Developer (who, after a successful acquisition of the property, would then develop the property for affordable housing and other supportive opportunities) must return to the Focus Area Team and Steering Committee for approval before being advertised. While following all applicable provisions of Harris County's procurement policies, HCD will provide regular updates to the Focus Area Team. Updates ...
Click here for full text