City of Derby Council Meeting Agenda May 2026
City Amends $2M MIH Grant with KHRC
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Description
Derby City Council approved a First Amendment to its $2 million Moderate Income Housing grant agreement with Kansas Housing Resources Corporation to update disbursement and completion deadlines. The revised terms require funds to be disbursed by August 31, 2026 and the 108-unit rental project to be completed by June 30, 2028.
Contract Details
Contract Amount
$2,000,000 (grant funds)
Vendor
KANSAS HOUSING RESOURCES CORPORATION
Agency
City of Derby, IA
Contract Type
FINANCIAL_SERVICES
Document Date
May 12, 2026
Contract Term
Grant funds to be fully disbursed by August 31, 2026; project completion by June 30, 2028
Renewal Date
2028-06-30
Renewal Info
Amendment extends and clarifies disbursement and completion deadlines but does not create additional renewal options.
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