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County closes part of ERA program, commits over $1M toward new 40-unit very low-income housing project
Summary
Officials reported nearly $49.3M administered through ERA programs, administrative costs below 10%, fraud recoveries and a commitment of over $1 million to help CoAction purchase property for a new 40‑unit very low‑income rental development.
Economic development staff updated the council on the Emergency Rental Assistance (ERA) programs. They said the county administered roughly $49.31 million across ERA 1 and ERA 2, dispersing about $45.26 million in direct rental assistance and retaining administrative costs near 9.17 percent, under the 10 percent typical threshold.
Staff reported residual…
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