Sugar Land - Missouri City Edition | April 2023

of Texas before in giving necessary funds for infrastructure, and I want to make sure we have this to be able to really help those people who, on the ground today, need that help,” he said. Current allocations The three budgets the nonprofits are requesting federal funds from are the Home American Rescue Plan, Amer- ican Rescue Plan Act and Emergency Rental Assistance. The county received these one-time allocations to provide relief from COVID-19. The transitional housing plan would require the county to reallocate $8 million from its ARPA budget as well as $2 million from its ERA budget, which commissioners approved the transfer of on Feb. 14, Fulshear Mayor Aaron Groff said. Groff also serves as the executive director of Abigail’s Place, an organi- zation that houses single mothers and their families. The first phase of the nonprofits’ plan to eradicate homelessness in Fort Bend County involves four immediate projects. HOUSING FIRST

Cost: $150,000 Impact: 200 individuals in two years 2

Diversionary emergency grants and case management services Cost: $1,250 per family Impact: 30 families per year 3

Project BUS transportation program Cost: TBD Impact: Provide low- or no-cost mass transit to resources within the county 4

Cost: $1.5 million Impact: 100 families the first year 1

Centralized family resource center and navigation services

Education and supportive services for the chronically homeless

TIMELINE OF PHASES PHASE I (1-2 YEARS) Includes: public transportation, family resource center, supportive services for chronically homeless Construction $1 million Start-up operating cost $900,000 PHASE II (2-3 YEARS) Includes: transitional housing, single- family homes, young parents program Construction $7 million Start-up operating cost $275,000 PHASE III (3+ YEARS) Includes: multifamily housing complex, 25 tiny homes, 20 affordable

Additionally, nonprofits requested to use $3 million from the Home American Rescue Plan budget, a portion of Community Develop- ment Block Grant funding received from the U.S. Department of Housing and Urban Development in 2021. the Community Development Director Carol Borrego, who manages CDBG and Home ARP funds, advised the court that HUD money should be the last dollars considered—as restrictions for their use will be stringent, she said. Precinct 3 Commissioner Andy Meyers said he did not consider the reallocation to a transitional housing program a viable use of funds. “Providing the services are not typ- ical county services,” Meyers said. “These are services that are provided by the federal and state agencies, since they have additional revenue sources that the county does not have.” After Stavinoha’s Feb. 28 presenta- tion, George again implored the court

to take action on this issue. “We had $157 million from ARPA funding. We are talking about $8 mil- lion investing in the future of our chil- dren and the homeless,” George said. “If we have a hard time doing that, I don’t know what else to say.” Groff, who said he understands some of the commissioners’ hesita- tion to reallocate funding, wanted to ensure the requested funds were a bid to better use federal moneys and not county dollars. “[The] number and allocation is entirely up to you—that’s not our ask,” Groff said. “Our ask is, if we can lever- age those [federal] dollars to make a long-term impact in the county, then we can use this as a model for sustain- able projects moving forward.”

housing units Construction $44 million

Start-up operating cost $275,000

Total construction: $52 million

Total start-up: $1.45 million

SOURCE: FORT BEND COUNTY/COMMUNITY IMPACT

INTEREST RATE AS LOW AS 3.75% *

New Homes from the $260s - $1M+

*Promotional rate applies to first two years only. Funds are limited. All products are subject to credit and property approval. Programs, rates, program terms and conditions subject to change without notice. Not all products are available in all states or for all amounts. Other restrictions and limitations apply. *Scenario is an estimate only and is based on primary residences only, 640 FICO score and a 2/1 buydown on a $400,000 purchase price with an FHA 30-year agreement (360 months) fixed rate loan amount of $392,755 at 96.5% LTV. Year 1 (0-12 months) rate at 3.750%, APR of 3.819%, and monthly payment of $2,606.81, year 2 (13-24 months) rate of 4.750%, APR of 6.819%, and monthly payment of $2,837, and a year 3-30 (25-360 months) rate of 5.750%, APR of 6.819%, and monthly payment of $3,081. Monthly payments include principal, interest, mortgage insurance, and estimated property taxes and homeowners insurance. Example payment does not include HOA, MUD or PID (if applicable) and payment obligation may be greater. 2/1 Buydown Program: Rate reduction up to 2%; buy down rate for up to 2 years; seller will pay for the buy down; adjusts 1% each year; returns to original fixed rate after buy down period. Rates effective as of 12/2/2022 and loan must fund by 3/31/2023. Available on select homes only and subject to cancellation/change at any time. See a Coventry Homes representative for details. This is not a commitment to lend.

SUGAR LAND - MISSOURI CITY EDITION • APRIL 2023