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Title:
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(CD 6) Authorize a Substantial Amendment to the City’s Action Plans Identified Herein to Allow a Change in Use of $3,333,385.85 in Community Development Block Grant Funds, Which Consist of $1,281,079 in Funds Designated for Rental Rehabilitation and $2,052,306.85 in Unprogrammed Funds and Interest, in the Form of a Forgivable Loan Under Specified Conditions or Other Comparable Financing Structure, to Support the Delara Chase Affordable Housing Project Located at 4805 Altamesa Blvd, Fort Worth, 76133; Authorize Execution of Contracts and Related Loan Documents; Authorize the Substitution of Funding Years; Find that the Loan Serves a Public Purpose with Adequate Controls in Place; and Adopt Appropriation Ordinance
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