Board votes 8–5 to split REAP interest roughly equally among three projects
The board allocated approximately $70,000 in REAP interest earnings among three active projects (Santa Maria downtown improvements, UCSB data dashboard and Lompoc projects) on an equal one-third split after debate over proportional versus equal distribution; staff were authorized to execute HCD amendments.
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Mike Becker presented options for allocating roughly $72,000–$85,000 in interest earnings generated while REAP (Regional Early Action Planning) grant funds were held in reserve. Of the region's seven awards, three projects remain active: City of Santa Maria (downtown infrastructure), City of Lompoc (accessory-dwelling-unit program with remaining funds) and UCSB (transportation data dashboard with about $31,000 unspent).
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