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Board extends interim agreement and ground lease for Trumbo affordable workforce housing; board presses for oversight on management, rents and unit availability
Summary
The board approved an interim agreement extension/ground lease with TVC Development Inc. (RFP 2025007) for the Trumbo affordable workforce housing project. Board discussion focused on rent levels set by funding rules, ensuring annual availability of units for district staff and involvement in selection of a management firm.
The Monroe County School Board voted to approve an interim agreement extension and ground lease with TVC Development Inc. for the Trumbo affordable workforce housing project (RFP 2025007).
Board members discussed rental-rate levels and eligibility set by state and federal affordable‑housing rules. Staff and a project representative explained hypothetical monthly rents tied to percentage-of-area-median-income (AMI) bands: at 60% AMI an example one‑bedroom rent was described as about $1,200/month; at 80% AMI about $1,600/month; at 100% AMI about $2,000/month;…
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