Primary Department: Housing and Community Development
Primary Department Head/Elected Official: Thao Costis, Executive Director
Secondary Department: Choose an item.
Secondary Department Head/Elected Official:
Regular or Supplemental RCA: Regular RCA
Type of Request: Contract - Termination
Project ID (if applicable): N/A
Vendor/Entity Legal Name (if applicable): SGV Investment Homes
MWBE Contracted Goal (if applicable): N/A
MWBE Current Participation (if applicable): N/A
Justification for 0% MWBE Participation Goal: N/A - Goal not applicable to request
Grant Indirect Costs Rate (if applicable): N/A
Justification for 0% Grant Indirect Costs Rate (if applicable): N/A - Not a grant item
Request Summary (Agenda Caption):
title
Request for approval of release of lien for SGV Home Investments.
end
Background and Discussion:
A multifamily development located in Harris County Precinct 2. As subrecipient SGV Investments Homes, LTD., for the SGV Investment Homes Projects under the "Disaster Recovery Agreement" provided affordable housing, SGV Home Investments, with the assistance of Harris County, developed a multifamily project with an affordability period of ten (10) years.
Expected Impact:
Remove Harris County Housing & Community Development's claim and obligation tied to the lien of Regulatory Agreement and Declaration of covenants and Restrictions by confirming the debt has been satisfied.
Alternative Options:
N/A
County Strategic Plan Goal: N/A
County Strategic Plan Objective: N/A
Justice/Safety Initiative (Goal 1): N/A
Infrastructure Initiative (Goal 2): N/A
Economy Initiative (Goal 3): N/A
Health Initiative (Goal 4): N/A
Climate/Resilience Initiative (Goal 5): N/A
Housing Initiative (Goal 6): N/A
Additional notes related to the Strategic Plan: SGV Investments Homes, LTD., for the SGV Investment Homes Projects also known as SGV Investments, has completed affordability period of ten (10) years.
Prior Court A...
Click here for full text