The Lafayette board approved two agreements between the Lafayette Housing Consortium and Habitat for Humanity of Lafayette to provide up to $80,000 for each home at 2150 and 2160 Powder House Lane using funds from the city's 2022 homeownership allocations.

Michelle Reynolds, legal counsel presenting the item for the Lafayette Housing Consortium, said the agreements "provide up to $80,000 to construct and provide direct home buyer assistance" for each address from Habitat's 2022 home awards. Legal staff reviewed and approved both documents, and Habitat representatives answered questions about the households selected.

Board members asked for context about why 2022 allocations remain and how fund balances are being spent. Staff explained the city is finishing spending 2022 unallocated homeownership funds and moving into 2023 and 2024 awards; specific remaining balances for 2023 and 2024 were not provided on the record. Staff said the city awarded $320,000 for 2025 (for four houses) and was awarded $210,000 in 2024 (for four houses). A staff member stated that the city must spend the money within eight years of allocation.

Laura Walls of Habitat for Humanity of Lafayette described program details for partner families: mortgages are set by appraisal and staff and partners work to reduce appraisal amounts and leverage other down-payment-assistance programs such as those from the Federal Home Loan Bank of Indianapolis. She said Habitat may use a soft third mortgage and that partner families contribute sweat equity (250 hours per adult over 18) and attend financial counseling. Walls identified two partner families on the record: Abdallah and his family (works at Wabash; originally from Alexandria, Egypt) and Jasmine and her children (works at SIA; a first-generation homeowner). The board voted to approve both agreements; the transcript records aye votes and no recorded opposition.

The transcript shows board concern that funds from 2022 were still available and could have been deployed earlier; staff explained the lag results from application and build-plan processes and caution about over-awarding funds that cannot be spent within HUD time limits. The agreements use previously awarded 2022 funds and do not change the city's 2025 awards or 2024 award amounts noted in the meeting.