Department: Community Services
Department Head/Elected Official: Thao Costis, Interim Executive Director
Regular or Supplemental RCA: Regular RCA
Type of Request: Transfer of Funds Only
Project ID (if applicable): N/A
Vendor/Entity Legal Name:
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 for approval to temporarily transfer $1.4 million from TIRZ 24 and RDA administrative funds into the Harris County Housing Program bank account.
end
Background and Discussion:
In order to efficiently administer various direct assistance programs, the Harris County Community Services Department (HCCSD) has been required to operate several federally funded affordable housing programs with stand-alone bank accounts. Initially, "imprest funds" are provided upon creation of the bank account. Based on the progress and nature of the Housing Program bank account programs, the necessity to add to or reduce imprest amount may also change from time to time.
On May 19, 2009, Commissioner's Court approved the Neighborhood Stabilization Program (NSP) bank account which was subsequently re-titled as the "Harris County Housing Program" in order to accommodate multiple programs beyond the NSP award. On September 24, 2019, Commissioner's Court approved a name change to the account and an increase to the seed amount in the account to $150,000 in order to meet the demands of processing the down payment assistance program. On November 12, 2019, Commissioner's Court approved an additional increase of this bank account to $850,000 in order meet the increased demands of administering the Hurricane Harvey Reimbursement Program (HRP). Again, on December 17, 2019, the account was increased to $1,600,000. All disbursements from the account for all programs are funded via grants.
Due to anticipated demand, HCCSD now p...
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