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Committee advances amendments to county affordable-housing gap financing; removes one loan and extends sunset to 2025
Summary
Committee approved forwarding to full council amendments that remove Frontline Development Group LLC from a loan list, reassign funding sources for Gordon's Crossing, convert one loan to a grant, and extend the program sunset to Dec. 31, 2025.
The Community Development Committee voted Monday to forward to the full council a resolution (20240375) that amends an earlier 2022 authorization of affordable housing gap loans totaling $4,550,000.
Sarah Parks Jackson, director of housing and community development, told the committee the amendment removes the Frontline Development Group LLC loan for the Allen Estates project because Gordon’s Crossing is moving forward more quickly and will be funded with ERA2 funds. "The request to remove frontline…
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