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Housing department recommends $1.9 million award to support creation of 28 affordable homes
Summary
The Department of Housing and Neighborhoods presented a recommendation to commit up to $1.9 million in non‑ARP funds to a developer expected to build 28 for‑sale units affordable to households near 80% AMI; the committee voted to advance the recommendation for further verification.
Verónica García, director of the Department of Housing and Neighborhoods, presented a funding recommendation on May 13 to close a financing gap for a for‑sale housing project. Staff said the solicitation originally made up to $5,000,000 available and that, after evaluation and a three‑round review, the…
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