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Trust fund reports $868,000 allocated year-to-date; available balance read at meeting
Summary
At the June 10 meeting staff presented the Trust Fund financial report showing $868,000 allocated or spent since the start of the year, including notable disbursements to TP Park developers and ECHO, and reported an available balance.
At the June 10 meeting of the Evansville City Affordable Housing Trust Fund, committee member Corey Kemp presented the financial report and said the Trust Fund has spent or allocated $868,000 since the start of the year.
Kemp said roughly $450,000 of that total went to ‘‘TP Park developers’’ and $105,500 was allocated for ECHO. When asked for the available balance, Kemp read an amount into the record: "$11,096,007.99" (read aloud). He…
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