City of Pontiac City Council Regular Meeting Agenda Packet May 12 2026
City Approves HOME-Funded Housing Deal With Venture
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Description
Pontiac City Council authorized a HOME Program-funded CHDO agreement with Venture for development and sale of a single-family housing unit, with up to $400,000 in federal funds and a required $100,000 CHDO match. Venture will manage all phases from acquisition through sale under HUD rules.
Contract Details
Contract Amount
Not to exceed $400,000 in HOME Program funds plus $100,000 CHDO match
Vendor
VENTURE
Agency
City of Pontiac, MI
Contract Type
PROFESSIONAL_SERVICES
Document Date
May 12, 2026
Renewal Info
One-time project-specific CHDO agreement under the HOME Program; no renewal terms described. Future projects would require separate authorization.
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