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Bloomington council creates Affordable Housing Pilot Fund, transfers about $150,000 into new account
Summary
The Bloomington Common Council on Sept. 3 unanimously adopted Resolution 20‑25‑13 to create an Affordable Housing Pilot Fund to hold payments from local affordable‑housing pilot agreements; the city controller said about $150,000 in prior payments will be moved into the new fund and future appropriations will be considered by council.
The Bloomington Common Council on Sept. 3 voted unanimously to adopt Resolution 20‑25‑13, establishing an Affordable Housing Pilot Fund to hold payments from city‑approved affordable‑housing pilot projects.
Controller McClellan told the council the city plans to transfer roughly $150,000 of pilot payments already received into the new fund. She said payments currently come from four existing pilot agreements, including earlier pilots with Country View Apartments and Evergreen Village and new pilots with Cambridge Square and Henderson Courts, both owned by Glick. According to McClellan, Country View pays about $62,000 a year and Evergreen Village about…
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