The City of Houston approved a Second Amendment to the Developer Agreement with A Caring Safe Place, Inc. under the CHDO Single-Family Home Development Program. The amendment reduces the maximum agreement amount from $3,868,000 to $3,132,000, decreases the number of homes to be developed from 13 to 11, updates cost projections, and extends the Director's authority to modify timelines. Additionally, it revises definitions, recapture requirements, and the affordability period while replacing key forms such as the Homebuyer Note and Homebuyer Deed of Trust. The amendment aims to streamline project completion and address increasing construction costs.
This amendment ensures the successful completion of affordable housing units for low- and moderate-income families, supporting housing stability and community development in underserved areas.