Development Corporation 7-23-25

The City of San Angelo Development Corporation held a meeting focused primarily on addressing the aftermath of the July 4th, 2025 flooding. Key agenda items included approving a resolution to establish a funding pool of up to one million dollars to assist with affordable housing repairs for flood-damaged residential properties, with Galilee designated as the program administrator. A similar funding pool was approved for businesses affected by the flooding, aimed at retaining or creating primary jobs, with expedited contract execution planned to facilitate rapid assistance. The meeting also authorized the temporary use of space at the Business Resource Center by the U.S. Small Business Administration and other emergency response organizations to support flood recovery efforts. Additionally, the board approved an addendum to update the 2019 St. Angelo rental housing study to reflect the impact of the flood on affordable housing needs. Discussions emphasized leveraging existing funding sources first, expediting administrative processes, and maintaining flexibility to address ongoing recovery needs. All funding and contract approvals are subject to city council ratification.