FOR IMMEDIATE RELEASE
March 15, 2011
Contact: Gordon Anderson 512-475-4743
Jill McFarren 512-475-2844
State awards $522,000 to repair, replace substandard housing in Bogata
(AUSTIN) — The Texas Department of Housing and Community Affairs (TDHCA) today announced a $522,000 award to the City of Bogata to fund home repairs for low income homeowners, helping residents maintain homeownership while providing a significant boost to the region’s economy.
City officials anticipate the funds will help rehabilitate six homes owned and lived in by income eligible households. According to TDHCA Executive Director Michael Gerber, repairing the state’s substandard housing stock is a critical component of the Department’s mission.
“By repairing deteriorating homes, we are not only helping maintain homeownership for more families, we are also helping maintain the vitality of rural Texas communities,” Gerber explained. “Repairing the homes of low income households also benefits the regional economy through an influx of construction payroll salaries and increased taxes and fees that help fund essential public services. This is a win-win program for both Bogata and our state.”
TDHCA awards home repair funds to qualifying applicants through the Department’s HOME Investment Partnerships (HOME) Program, which helps repair or replace homes owned and lived in by low income homeowners.
Assistance may include roof repair or replacement, as well as repairs to the electrical and plumbing systems. If a home has deteriorated to the point it no longer is cost effective to repair, it may be demolished and replaced either by a traditional “site built” home or a manufactured home.
Qualifying applicants include eligible cities and counties, public housing authorities, Community Housing Development Organizations and other nonprofit housing groups, and certain for-profit organizations which then work with qualifying homeowners at the local level.
The U.S. Department of Housing and Urban Development is the funding source for the HOME Program. The program serves households earning no more than 80 percent of the area median family income, which for Red River County equals an annual income of $37,200 for a family for four.
For more information regarding this award, please contact the city directly at (903) 632-5315.
About the Texas Department of Housing and Community Affairs
The Texas Department of Housing and Community Affairs administers a number of state and federal programs through for-profit, nonprofit, and local government partnerships to strengthen communities through affordable housing development, home ownership opportunities, weatherization, and community-based services for Texans in need.
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