The City of Houston approved the First Amendment to the Developer Agreement with Heart of Houston Development Corporation under the CHDO Single-Family Home Development Program. This amendment modifies definitions, CHDO proceeds, recapture requirements, and the affordability period. It also updates forms such as the Homebuyer Note and Homebuyer Deed of Trust. The initial agreement allocated $3,100,000 in HOME funds for the construction of 11 affordable homes across scattered sites in the Third Ward and South Union communities.
The amendment strengthens the affordability and operational framework of the project, ensuring that the targeted communities benefit from sustainable and affordable housing solutions.