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Southern Door Community Land Trust asks council to ease ARPA drawdown requirement for six-unit affordable housing project
Summary
The Southern Door Community Land Trust asked council to reconsider a contract caveat that requires the group to raise 70% of estimated project costs before drawing ARPA funds for a six-unit permanent-affordability housing project.
The Southern Door Community Land Trust asked the Binghamton City Council on Aug. 27 to revisit a condition in its ARPA grant agreement that requires the organization to raise 70% of estimated project costs before it can draw down city funds for a six-unit permanently affordable housing project at 6 Florence Street.
Why it matters: The project is, according to the speaker, the only permanently affordable housing project in Broome County led by the organization; council members and the public raised concerns about delays in accessing funds for housing…
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