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Advisory committee approves $250,000 commitment for River City Homes contingent on LIHTC award
Summary
The committee approved a $250,000 reservation for Advantix Development Corporation’s River City Homes project — a scattered‑site, 44‑unit affordable homeownership development — contingent on the project meeting the LIHTC program’s local‑match requirements.
The Affordable Housing Trust Fund Advisory Committee voted to reserve $250,000 for River City Homes, a scattered‑site affordable homeownership development proposed by Advantix Development Corporation and presented by Tim Martin. The award is contingent on the project receiving Low‑Income Housing Tax Credits (LIHTC) and meeting LIHTC local match requirements.
Tim Martin, representing Advantix Development Corporation and citing collaboration with the…
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