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Evansville trust fund finance report: $872,518 available; $1.757 million when including committed and notes-payable balances
Summary
Finance staff told the Affordable Housing Trust Fund Advisory Committee that $872,518.9 is unencumbered and available for new projects; including committed funds and a notes-payable account, total resources equal approximately $1.757 million.
At the April 8 meeting of the Affordable Housing Trust Fund Advisory Committee, staff presented the trust fund’s current financial position and fielded members’ requests about packet distribution and details.
Corey Kemp, presenting the report prepared by the finance office, said TruVest had repaid $3,855.10 toward its loan and that several sums are already committed to projects. “So the bottom table on the second…
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