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Commissioners appoint employer representative to AHAC; board signals support for $2.5M local housing funding
Summary
The board appointed Diana Marrero Pinto to the Affordable Housing Advisory Committee as the employers' representative and authorized staff to proceed with a letter of support for roughly 400 affordable housing units and a $2.5 million local funding contribution.
The Osceola Board of County Commissioners appointed Diana Marrero Pinto to serve as the employers' representative on the county's Affordable Housing Advisory Committee. Commissioner Grieve moved the appointment; the motion carried by voice vote.
During commissioner reports the board discussed a pending local funding package for approximately 400 affordable housing units. County staff and the county manager had negotiated a local contribution request and the board agreed to endorse a letter of support for a $2.5 million county contribution (the applicant had requested $5 million). Commissioners indicated they would sign and transmit the letter to support the project's financing needs; staff said the project is expected to apply for 4% Low-Income Housing Tax Credits and had not been presented to the AHAC in the current 9% competitive round.
Why it matters: The AHAC appointment fills an advisory seat representing employers, and the county's letter of support and $2.5 million local contribution (pending administrative steps) are intended to improve the financing package for a near-term affordable housing development.
