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Clearwater advisory board recommends $1.39 million deferred loan for 35-unit family housing at North Betty Lane
Summary
The Neighborhood and Affordable Housing Advisory Board recommended that City Council approve a deferred HOME-ARP loan of up to $1,391,938 to support a 35-unit multifamily project by Homeless Empowerment Project at 1718 N. Betty Lane; the recommendation is contingent on final underwriting, environmental review and a development order.
The City of Clearwater Neighborhood and Affordable Housing Advisory Board voted to recommend that City Council approve a deferred loan of up to $1,391,938 to support the Homeless Empowerment Project’s proposed 35-unit family apartment development at 1718 North Betty Lane.
Dylan Mayhew, acting housing manager, told the board the funding would come from Clearwater’s HOME-ARP allocation and that the city received a one-time HOME-ARP award of $1.6 million from HUD. “These funds are designed to serve qualifying populations, specifically households experiencing homelessness, at risk of homelessness, or in need of services to help prevent homelessness,” Mayhew said.
The project, submitted by the Homeless Empowerment Project (HEP), would build six residential buildings plus a staffed community building on a former…
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