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<br />SOUTHEAST TEXAS · <br />HOUSING FINANCE CORPORATION <br /> <br />e <br /> <br />-r;wJc <br /> <br />October 8, 1993 <br /> <br /> <br />~ <br /> <br />PLANNING <br /> <br />Bill Eiland <br />Executive Director <br /> <br />Norman L. Malone <br />City of La Porte - Mayor <br />P.O. Box 1115 <br />La Porte, Texas 77571 <br /> <br />RECEIVEQ' <br /> <br />OCT 1 2 1993 <br />CITY MANAGERS <br />OFFICE: . <br />.u; <br /> <br />Dear Mayor Malone: <br /> <br />As an instrumentality of ten counties and ten cities in the Houston area, including the City of <br />La Porte, Southeast Texas was created to assist in developing affordable housing in your <br />community. <br /> <br />Recently the State of Texas Department of Housing and Community Affairs issued its <br />program regulations for the HOME Program. In the HOME Program there are two <br />programs that we feel could benefit people in your jurisdiction. <br /> <br />The Owner-Occupied Housing Program would provide for the rehabilitation of houses that <br />are occupied by homeowners. The rehabilitation would be paid for by HOME funds that <br />could be either a loan or a grant. <br /> <br />The second possible program is the First-Time Home Buyers Program. In this program new <br />home buyers could receive down payment assistance and closing cost assistance in order to <br />be able to afford a home. <br /> <br />Depending 80n particular housing needs, residents of your jurisdiction could benefit greatly <br />from one of these programs. <br /> <br />I will be calling you this week to discuss these programs further and whether Southeast <br />Texas can assist in implementing a HOME Program in the City of La Porte. <br /> <br />Sincerely, <br /> <br />d~~ <br /> <br />Lee Huebel <br /> <br />LH:db <br /> <br />4620 Fairmont Parkway · Suite 201 · Pasadena, Texas 77504 <br />(713) 487-8772 · FAX (713) 487-9574 <br />