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Public Hearing: Consideration of Public Input for the FY24 Pathways to Removing Obstacles to Housing (PRO Housing) Application.
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ADMINISTRATIVE COMMENTS:
The City of Lewisville is applying for the Department of Housing and Urban Development’s (HUD) FY24 Pathways to Removing Obstacles to Housing (PRO Housing) Round two. The purpose of these funds is to take steps to remove barriers to affordable housing and seek to increase housing production and lower housing costs over the long term. Communities can apply for up to $7 million in PRO Housing funds to break down barriers such as challenges to preserving existing housing stock such as increasing threats from natural hazards, redevelopment that reduces the number of affordable units, displacement pressures, or expiration of affordability requirements, or deteriorating or inadequate infrastructure. This process continues with this public hearing and further comments may be accepted during a 15-day public comment period ending October 10th. The City of Lewisville’s application is requesting $5 million for projects that would provide middle housing stock, such as townhomes or duplexes, and preservation of existing affordable housing.
RECOMMENDATION:
That the City Council hold the public hearing and consider public input for the FY24 Pathways to Removing Obstacles to Housing (PRO Housing) application.
AVAILABLE FOR QUESTIONS:
Chris McGinn, Director of Neighborhood & Inspection Services