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Capital Fund Recovery Grant TX59S35050109PQ}MExIn H~G~ S u Antoci otF etld Office SRegion ytr butt Development ~~ : Otfice of Public Housing L* IIIIII~ *a~ One r\Imno Center AOgxosve~°a l0G South St. Mary's Street, Suite 405 Sau Antonio, Texas 78205-3601 Phone (210)475-C>865 Fax (210)472-6616 wivm turd env mn'rv.esnannl lmd env February 16,2010 Ms. Myuette Benedict Executive Director, Housing Authority of the City of Schertz 204 Schertz Parkway Schertz, TX 78154-2165 Dear Ms. Benedict: Subject: Capital Fund Recovery Grant TX59S35050109 Congratulations on Meeting the March l7, 2010 Obligation Deadline ~~SrNr' /2"~• ~/ t,f The HUD Field Office is sending this letter to recognize that the Schertz Housing Authority obligated l00% of the Capital Fund Recovery Grant (CFRG) funds received on March 18, 2009 before the March l7, 2010 deadline. Thank you For all of your effort to obligate the funds iu a timely manner. Remember that the goal of the American Reinvestment and Recovery Act (Recovery Act) is to accelerate economic recovery through job creation and economic growth. While the Department appreciates that the funds are fully obligated, HUD encourages you to continue your efforts to accelerate disbursement and expenditures to further promote the goals of the Recovery Act. While your grnnt is required by the ACC agreement [o be 60 percent expended by March 17, 2011, HUD strongly encourages you to expedite disbursements ahead of that schedule to promote economic recovery. If you have fully expended your CFRG funds, thank you. We value your continued commitment to working with HUD toward the objectives of the Recovery Act [o stimulate the economy and create jobs. Please contact our office if HUD can provide any assistance with expediting your expenditures. Sincerely, David Pohler Director Office of Public Housing cc: Honorable Hal Baldwin, Mayor Mr. William Gignac, Chairperson Justin Ormsby