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File #: RPT 19-011    Version: 1 Name:
Type: Report Status: Agenda Ready
File created: 1/29/2019 In control: City Council Workshop
On agenda: 2/5/2019 Final action:
Title: Annual update on activities of the South East Texas Housing Finance Corporation and the Deer Park Housing Market from Troy Cothran.
Sponsors: City Council
Attachments: 1. SETH-FC 2018 Report
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Title

Annual update on activities of the South East Texas Housing Finance Corporation and the Deer Park Housing Market from Troy Cothran.

 

Body

Summary: 

The South East Texas Housing Finance Corporation (SETHFC) exists to assist individuals in purchasing homes.  The Corporation offers homebuyer education classes, grants to assist with down payment and closing costs, mortgage credit assistance programs, etc.  SETHFC is governed by a Board of Directors comprised of appointees from municipalities and counties throughout South East Texas, including Deer Park.

 

For the past several years, Mr. Troy Cothran has been the City of Deer Park’s representative to the SETHFC Board of Directors. He currently serves as Chairman of the Board after being re-appointed to this position by the Deer Park City Council in March 2018.  Mr. Cothran attends City Council meetings annually to provide an update on the activities of SETHFC and the housing market in Deer Park.  Joining him will be the Executive Director of SETHFC, Mr. Ron Williams.  A copy of the 2018 SETHFC Annual Report is attached.

 

Fiscal/Budgetary Impact: 

N/A

 

Recommended action

 

Discussion Only in Workshop