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Staff reports HUD action plan approval, major property sale and CHDF allocations; warns of tax‑credit market weakness
Summary
Agency staff said HUD approved the 2025 action plan, reported the $5.525 million sale of 309 College Ave (Leesville Fire Station), and summarized Community Housing Development Fund allocations; staff also noted low‑income housing tax credit market weakness and uncertainty in federal HOME funding and voucher programs.
Agency staff reported several items in a staff report: HUD approved the agency’s 2025 action plan; the sale of 309 College Ave (Leesville Fire Station) formally closed for $5,525,000; and the Community Housing Development Fund (CHDF) received roughly $2.6 million in developer contributions and recommended $1.7 million for a slate of affordable‑housing projects.
Staff said HUD’s regional office approved the 2025 action plan, clearing the way for a contract and the associated federal funding. Separately, staff said the agency’s facilitation of the Leesville Fire Station sale completed at about $650 per square foot, with a reported sale price of…
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