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Board gives staff direction to explore county guarantor role for Madison Road supportive housing project
Summary
The board gave consensus for staff to pursue legal documents and next steps to allow Orange County to act as guarantor for a Madison Road supportive housing project led by Encompass Community Supports; no county funds were requested and staff cited contractor payment bonds as key safeguards.
The Orange County Board of Supervisors gave staff direction June 10 to continue work toward a structure that would allow the county to act as guarantor for the Madison Road supportive housing project sponsored by Encompass Community Supports.
County staff explained the guarantor role is a technical requirement tied to low-income housing tax-credit financing and that Encompass, as a community-services provider, lacks the legal…
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