Primary Department: Economic Equity and Opportunity
Primary Department Head/Elected Official: Tiko Reynolds-Hausman, Executive Director
Secondary Department: N/A
Secondary Department Head/Elected Official: N/A
Regular or Supplemental RCA: Regular RCA
Type of Request: Transmittal
Project ID (if applicable): N/A
Vendor/Entity Legal Name (if applicable): N/A
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
Transmittal by the Department of Economic Equity and Opportunity of the Harris County Opportunity Fund Year 1 Report.
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Background and Discussion:
In 2022, the Harris County Commissioners Court allocated $10.9?million in ARPA FLEX Funding to implement a revolving loan program - Harris County Opportunity Fund. On May 7, 2024, the Harris County Commissioners Court awarded PeopleFund a five-year award to provide lending services and technical assistance to eligible applicants.?PeopleFund agreed to match $9 million to the program's fund, bringing the total loan fund to $17 million.
On June 26, 2025, PFM Group Consulting, LLC was awarded a contract to provide applied research, data analysis, and other services to support a comprehensive evaluation of the revolving loan fund program under Job No. 210317. This subaward is funded through FLEX fund dollars as made available by ARPA funds.????
The Harris County Opportunity Fund Year 1 annual report assesses the effectiveness of program implementation, measures the program's impact on participating small businesses, and provides a comprehensive understanding of loan recipients' experiences and outcomes. It also provides actionable recommendations to maximize the Fund's utilization and ultimately drive economic grow...
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