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Fruita Housing Authority accepts purchase contract and Prop 1-2-3 grant assignment for affordable housing site
Summary
The Fruita Housing Authority voted to accept assignment of a city purchase-and-sale agreement and the related Proposition 1-2-3 grant commitment so the authority can acquire a parcel intended for a low-income housing project; staff said the acquisition aligns with the authority’s mission to pursue light-touch/technical affordable projects.
The Fruita Housing Authority voted to accept assignment of a city purchase-and-sale agreement and the associated Proposition 1-2-3 grant commitment so the authority can acquire property intended for an affordable housing development. Mary Elizabeth (staff) told commissioners the city originally applied for the Prop 1-2-3 funds as the city because there was uncertainty whether housing authorities fit the applicant eligibility. “When the housing authority was formed, the mission was to…
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