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Developer says Village Springs affordable complex will restart construction as 39-unit project

5601424 · August 19, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Developer John Kolesky told Walton County advisory board he plans to finish the stalled Village Springs affordable housing project as a 39-unit income-restricted complex using previously invested HOME funds and an expected financing close this month.

John Kolesky of VESCOM Builders told the Walton County Affordable Housing Advisory Board that he intends to restart construction on the stalled Village Springs affordable-housing project and to complete a scaled-down, 39-unit development using previously committed HOME funds from Florida Housing.

Kolesky said PNB Bank contacted him about the partially built site, which had stopped mid-construction around 2020 under the original developer. He described reissuing permits with Walton County and working with Florida Housing and the bank to…

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