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Budget includes $8.2M for housing initiatives and $25M convention‑center paydown
Summary
The proposed FY2026 plan allocates $8.2 million to affordable housing projects, and proposes a $25 million lump‑sum payment toward the convention‑center bond principal to lower long‑term debt service.
City finance officials and housing staff walked council through housing‑focused allocations in the proposed FY2026 budget and explained the mechanics of a large convention‑center debt payment.
Housing: Chief Financial Officer Boyce Evans and Housing & Neighborhood Development Director Kevin DuBose described a package of housing investments totaling about $8,200,000 proposed in the budget. Evans and DuBose said the funding breaks down as follows in the…
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