Department: Housing and Community Development
Department Head/Elected Official: Thao Costis, Executive Director
Regular or Supplemental RCA: Regular RCA
Type of Request: Contract - Amendment
Project ID (if applicable): D2017-013/C2018-040
Vendor/Entity Legal Name (if applicable): Sunrise Lofts LLC
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 of a third amendment to an agreement with Sunrise Lofts LLC to revise HOME funding years 2017, 2018, and 2019 for the Sunrise Lofts Apartments project in Precinct 1 located at 3103 McKinney Street, Houston, Texas 77003.
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Background and Discussion:
On June 8, 2021, an Agreement with Sunrise Lofts LLC was approved utilizing a total of $19,812,215.00 in CDBG-DR (15,384,738) and HOME ($4,427,477) funds for the construction of a new 89-unit permanent supportive housing project prioritizing homeless youth ages 18-24 of Harris County.
On, July 20, 2021, Commissioners Court approved a First Amendment that amended the Agreement as follows: 1) amend the Project Budget and CDBG-DR funding sources by decreasing the Acquisition line item by $349,405, Site Work line item by $2,112,000, and Other Construction line item by $33,988 and reallocating to budget line-item Direct Construction increasing by $2,477,392 with the total amount of CDBG-DR funds remaining at $15,384,738. 2) amend the Project Budget and HOME funding sources by decreasing Direct Construction budget line item by $2,669,130 and reallocating the following budget line items to increase Site Work line item by $1,398,000, Other Construction line item by $378,175, General Soft Costs line item by $790,099, Construction Financing line item by $65,000, and Permanent Loan Financing line item by $37,856, with the total amount of HOME funds remaining at $4,427,477. The total amoun...
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